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Given the current resurgence of coronavirus, it came as no surprise today when the Treasury announced that this Autumn's budget has been cancelled. This announcement was later followed by an economic statement, the 'Winter Economy Plan', made by the chancellor, Rishi Sunak. 

The Chancellor Rishi Sunak has announced a package of new measures to support the economy during the Coronavirus pandemic including a new job support scheme, continuing reduced VAT rates, and additional time to pay deferred taxes.

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We have our usual eclectic mixture of news and features this week. Mostly, our updates are inspired by the queries coming in to our sister Virtual Tax Partner service.

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We are counting down the days until the end of September, ever more conscious of the work that is being undertaken by HMRC in trying to agree settlement of the remaining disguised remuneration loans. 

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There are widespread rumours that the chancellor is planning tax rises. I would guess that everything is very much at the planning stage and any increase could yet affect all the main taxes. Conversely, some commentators suggest that a tax increase is possibly the worst thing one can do to stimulate the economy.