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Treasury committee
Rishi Sunak has written to Mel Stride chair of the Treasury Committee to confirm that he has asked the Office for Budget Responsibility to prepare an economic update and fiscal forecast to be published in mid to late November. In response Mr Stride has written to the chancellor to ask given the deferral of the next Budget to spring 2021 what arrangements have been put in place for the devolved administrations which need time before the end of the financial year to set their own budgets.
Job retention bonus
HMRC has published guidance on the job retention bonus. Eligible employers will be able to submit claims between 15 February 2021 and 31 March 2021.
VAT
The European Commission has published explanatory notes on the new VAT e-commerce regime. The rules’ start date has been postponed by six months...
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