Chancellor’s Summer Statement 2020

Produced by Tolley
Chancellor’s Summer Statement 2020

The following Corporation Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Chancellor’s Summer Statement 2020
  • The key tax measures

The key tax measures

It is a mark of the wholly extraordinary times in which we live that the Chancellor had to give us the reassurance that we could ‘enjoy summer safely’, and we are sure that when he was appointed to office he could never have dreamt that he would be announcing a scheme under which the Government would be subsidising restaurant meals. The sheer scale of the financial support to underpin jobs takes the breath away, but given that the economy shrank 25% between February and April, intervention to prevent massive unemployment was inevitable. All of this will come at a price. The Chancellor confirmed that there will be a Budget in the Autumn and it is hard to think that this will not mark the start of the clawbac

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