Winter economic plan 2020

Produced by Tolley
  • (Updated for Coronavirus (COVID-19))
Winter economic plan 2020

The following Owner-Managed Businesses guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Winter economic plan 2020

You hardly need us to tell you that these are extraordinary times for the Treasury. In a normal year (remember those?) there is a set rhythm for the development of tax policy, with a cycle of consultations, consultation responses, draft legislation leading to a Budget and Finance Bill. All of that has now gone out of the window. The 2019 Budget was cancelled (thus giving us the first year in modern times without a Budget) and the planned 2020 Autumn Budget has just been scrapped because, in the words of the Treasury: ‘now is not the right time to outline long-term plans ― people want to see us focused on the here and now.’ That is a statement that we never imagined we would read.

Instead, we have just heard the latest plans for dealin

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