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The economic impact of COVID-19: what does it mean for jobs, businesses and tax?

09.07.2020

Private Client

Rishi Sunak announces further measures as part of a ‘mini budget’ for the next phase to the recovery from coronavirus.  

 

The following announcements for businesses were made:

The rates from 8 July 2020 to 31 March 2021 will be as follows:

 

Up to £500,000

0%

Over £500,000 to £925,000

5%

Over £925,000 to £1.5m

10%

Above £1.5m

12%

 

Please keep up to date with our blogs as we await further guidance on the announcements.

 

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