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Budget 2020: latest news and analysis from ICAEW

Latest reporting on Chancellor Rishi Sunak's first budget.

IFS: deficit to triple as budget contingency increases

30-03-2020

30 March 2020: the Institute for Fiscal Studies (IFS) has suggested that the budgeted fiscal deficit for the financial year starting 1 April 2020 of £55bn could more than triple to £177bn due to the coronavirus pandemic.

COVID-19: Support through the benefits system

24-03-2020

20 March: ICAEW members may need to help clients, friends or family to access support through the benefits system during the coronavirus outbreak. Benefits may be something on which they would not usually advise. The Tax Faculty has created this basic guide on which benefits to consider, together with sources of support.

Highlights of HMCR’s latest Employer Bulletins

17-03-2020

17 March 2020: ICAEW’s Tax Faculty summarises HMRC’s latest Employer Bulletins, which included commentary on the Budget announcements and information on the changes to off-payroll working.

Budget 2020: technology, infrastructure and innovation

12-03-2020

12 March 2020: while there was little on technology itself in Rishi Sunak’s first Budget speech, there was plenty in the accompanying report. Head of ICAEW Technology Faculty Richard Anning picks over the details.

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