Main photo

Home icon For all your accountancy needs call us Truro. 01872 272047 | Falmouth. 01326 375587

COVID-19: As a firm, we are heeding the Government’s advice, and the majority of our staff are now working from home.

Our offices are open to clients and visitors if you need to drop off or pick up records. Please telephone ahead to arrange a date and time so we can let our receptionists know.

It is business as usual at Lang Bennetts, so please let us know if you require our assistance. We are picking up e-mails and all our staff can be contacted via the usual office numbers.

Chancellor to deliver Summer Economic Update

Chancellor Rishi Sunak will deliver the Summer Economic Update today, in which he will announce measures to help boost the UK economy following the coronavirus (COVID-19) lockdown.

The Chancellor is expected to cut taxes in order to help the UK economy recover following the COVID-19 lockdown.

Experts predict that the Chancellor will reduce VAT for businesses in the hospitality sector and outline further plans to increase investment in training and apprenticeship schemes.

Many also anticipate a six-month stamp duty holiday which would see the stamp duty threshold raised temporarily from £125,000 to between £300,000 and £500,000.

Additionally, the government recently announced a £1.6 billion bespoke package of loans and grants to help the UK's arts and heritage sector recover from the lockdown. The Chancellor is expected to provide funds to other sectors in order to support growing industries.

Some also believe that a so-called 'wealth tax' could be announced by the Chancellor. This would take the form of a levy on individuals' personal wealth.

The Summer Economic Update will be delivered at midday today. We will keep you up to date on the key announcements.