UK support scheme changes draw guarded welcome

U.K. taxpayers eligible for the self-employment income support scheme will be able to claim a second grant in August, while changes to the coronavirus job retention scheme will take effect in July.

HM Revenue & Customs published a technical consultation on draft legislation on the taxation of COVID-19 support payments on May 29, as Chancellor of the Exchequer Rishi Sunak outlined the changes during a Downing Street briefing. “We are introducing a new, more flexible furlough. This is a critical part of our plan to kickstart the economy,” he said. My news story for Tax Notes, May 30 (free to view):

U.K. Support Scheme Changes Draw Guarded Welcome