Covid-19: Latest news round-up

Jul 16, 2020 | COVID-19

To keep you up-to-date with the latest Covid-19 news, we’ve put together a handy round-up covering the last fortnight.

For a more in-depth look at recent announcements and how they impact businesses affected by Coronavirus, read our latest blogs on the Covid-19 hub.

News feed

16 July 2020: Sunak calls for capital gains tax review
Chancellor wants to ensure the system is fit for purpose

15 July 2020: VAT cut kicks in for certain sectors
Standard rate temporarily falls from 20% to 5%

14 July 2020: UK economy slumps 19.1% in lockdown
Figures dispel hopes of a V-shaped recovery

13 July 2020: UK tax gap drops to record low
More than 95% of tax owed in 2018/19 was collected

10 July 2020: IFS: ‘Tax rises may not be imminent’
Think tank predicts a third phase of recovery

9 July 2020: Chancellor announces ‘plan for jobs’
More employer grants in summer economic update

8 July 2020: Stamp duty land tax holiday in England & Northern Ireland
Tax-free threshold temporarily rises from £125,000 to £500,000

8 July 2020: Standard rate of VAT cut in hospitality and tourism sectors
Reduced rate of 5% announced for food, accommodation and attractions

8 July 2020: Economic update 2020: expectations
Three changes the Chancellor may announce

7 July 2020: Exporters feel upturn in international trade
Supply chains pick up as restrictions ease

6 July 2020 – Workers in crisis-hit sectors face savings crisis
COVID-19 causes savings gap to widen

3 July 2020 – COVID-19 prompts upturn in savings habits
More households are ‘saving for a rainy day’

2 July 2020 – First round of SEISS grants to end next week
The self-employed urged to double-check eligibility

For more news stories, please visit the News section of our website.