Summer Statement


Chancellor Rishi Sunak has provided an update on the UK’s economic recovery from COVID-19 and set out a ‘Plan for Jobs’ which includes a targeted VAT cut, a ‘Job Retention Bonus’ and a cut in stamp duty land tax (SDLT).

The Chartered Institute of Taxation (CIOT) has commented on today’s government announcements of a Job Retention Bonus and temporary cut in Stamp Duty Land Tax.