Tax newsletter – July

Summary

In his first response to the Coronavirus (Covid-19) outbreak back in March, Chancellor Rishi Sunak said that the Government would do ‘whatever it takes’ to support the country through the pandemic. To date, the government’s furlough scheme has helped employers pay the wages of some 9 million employees across the UK and more that 2.7 million people have been supported by the self-employment income support scheme. Businesses have been supported by tax cuts and deferrals, as well as cash grants, and over a million loans through four government-backed schemes.

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