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Summer Statement 2020

A Plan for Jobs

Chancellor Rishi Sunak announces his Summer economic statement with job retention bonuses, work placement for under 25s and cuts to VAT and stamp duty. See how this can revitalise your clients' business.

https://www.gov.uk/government/news/rishis-plan-for-jobs-will-help-britain-bounce-back

Job Retention Bonus

Essential points for qualifying employers include:

  • An employee who has been furloughed at some point between April - October 2020
  • An employee who is still employed on 31 January 2021
  • An employee with average earnings for the period 1 November 2020 – 31 January 2021 above £520 month (lower earnings limit for NIC purposes)

Read the full article on Croner-i here to find out whether you qualify.

Support for the UK’s arts and culture

The Government has announced a £1.57 billion investment package for arts, cultural and heritage organisations hit by COVID-19.

Eat Out to Help Out Scheme

Get more help with registration, eligibility and how to offer the discount for the Eat Out to Help Out Scheme - GOV.uk

Summer Statement Commmentary from ICAEW

ICAEW give their viewpoint on the Chancellor Rishi Sunak's Summer Statement https://www.icaew.com/insights/viewpoints-on-the-news/2020/july-2020/summer-statement-serves-up-jobsfirst-package

Content last updated 10 July 2020

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