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
