Lots of new bits of information out today, lots of new initiatives and some more confusing projects.

I have tried to break them down here for you to give you the main gist of what we know so far.

 

Job retention bonus  £1000 bonus payment to the Employer for each retained employee , previously furloughed.

Eat out to Help Out Scheme  During August, diners can get 50% off Monday to Wednesday on sit-down meals and non-alcoholic drinks.

VAT Reduction  5% reduction on VAT for hospitality businesses

Buying a new house?  Stamp Duty land tax threshold in England and Northern Ireland has been increased

Kickstart Scheme  Hundreds of thousands of fully subsidised jobs promised

Apprentices  Businesses will be given £2000 for each new apprentice they hire under the age of 25.

More details and info in the blog https://www.elevenaccounts.com/post/summer-economic-update

 

Louise Ball

Eleven Accounts Services

Local bookkeeping and admin support

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