Posted: 24/09/20 by Northamptonshire Chamber
Headlines from the Chancellor’s statement today (24th Sep 2020):
1. New Jobs Support Scheme - will support short-time working for six months, but significantly less generous than furlough scheme. Wide eligibility. Detail will be key - More to follow.
2. Self employment - extension of scheme on similar terms, details to follow.
3. Cash flow measures - extension of CBILS/BBLS, lengthening of payment terms, and commitment to a successor working capital scheme.
4. Tax deferment - measures on VAT welcome including reduced rate for hospitality (5%) continuation until March 31st.