Introduce a Covid recovery package for 2021 and 2022
These measures would include:
- Tax measures to encourage investment in and by SMEs, such as a radical improvement in CGT entrepreneur’s relief.
- Improving the working of the Employment Wage Subsidy Scheme (EWSS) so that firms avoid a ‘cliff-edge’ effect once they hit 70% of normal turnover.
- And the re-introduction of the 9% VAT rate for hospitality, extended to the on-trade, to provide direct support to cashflow
Read a full set of our recommendations here.