--- title: Will there be an Emergency Budget this summer? description: It has been reported that the Government have pencilled in an emergency budget to be held during w/c 6 July 2020. This is yet to be confirmed. image: https://blog.shorts.uk.com/hubfs/Downloaded%20Hubspot%20Stock%20images/Houses%20of%20Parliament.jpeg --- [![Shorts_logo_White](https://blog.shorts.uk.com/hubfs/New%20Site%202018/Shorts_logo_White.svg "Shorts_logo_White")](https://www.shorts.uk.com/) [Blogs & News](https://blog.shorts.uk.com/) > [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes) # Will there be an Emergency Budget this summer? Brian Gooch - 11 June 2020 ###### Select topic - Please Select - [ Audit ](https://blog.shorts.uk.com/topic/audit) [ Business Taxes ](https://blog.shorts.uk.com/topic/business-taxes) [ Radius – R&D Tax Relief & Patent Box ](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) [ Corporate Finance ](https://blog.shorts.uk.com/topic/corporate-finance) [ GENUS Management Accounts ](https://blog.shorts.uk.com/topic/genus-management-accounts) [ VAT ](https://blog.shorts.uk.com/topic/vat) [ Private Client ](https://blog.shorts.uk.com/topic/private-client) [ Payroll ](https://blog.shorts.uk.com/topic/payroll) [ EOT ](https://blog.shorts.uk.com/topic/eot) [ International Taxes ](https://blog.shorts.uk.com/topic/international-taxes) ![featured image](https://blog.shorts.uk.com/hubfs/Downloaded%20Hubspot%20Stock%20images/Houses%20of%20Parliament.jpeg) It has been reported in the national press that the Government have pencilled in an emergency budget statement to be held during the week commencing 6 July 2020, however whether or not this is the case, has yet to be confirmed by the Treasury. In the [Spring Budget](https://blog.shorts.uk.com/budget-2020) on 11 March, the Chancellor indicated that there would be a second Budget in the autumn.  However, there is real concern about the scale of potential job losses as a result of the Coronavirus pandemic and the Chancellor is urging the Prime Minister to bring forward a stimulus package to save the economy.  If confirmed by the Government, it is unlikely that this statement will be a full Budget with tax changes.  Instead there could be announcements, or hints, on forthcoming tax policies that may need to be implemented, with specific proposals delayed until the autumn Budget.  It may be that some taxes are reduced in order to stimulate the economy, although clearly there will be a large bill as a result of the pandemic which will need to be paid for at some point.  Time will tell what the changes will be, and we will update you once we know more.   Shorts offer bespoke advice to suit individual and corporate circumstances.  Please do not hesitate to [contact us, ](https://www.shorts.uk.com/contact-us/)if you wish to discuss your circumstances further. [![Contact us](https://no-cache.hubspot.com/cta/default/2442072/0e09363a-89a7-482c-9eac-7e7ce33cbf13.png)](https://cta-redirect.hubspot.com/cta/redirect/2442072/0e09363a-89a7-482c-9eac-7e7ce33cbf13) Similar recent artices: - [15 Tax ](https://blog.shorts.uk.com/15-ways-to-reduce-corporation-tax)[Ways to reduce Corporation Tax](https://blog.shorts.uk.com/how-to-reduce-corporation-tax-15-top-tips) - [The two year window for R&D Tax Relief claims could be closing soon](https://blog.shorts.uk.com/year-end-approaching-dont-miss-the-chance-claim-rd-tax-relief) - [The Budget 2020](https://blog.shorts.uk.com/budget-2020) ![author](https://blog.shorts.uk.com/hubfs/Brian%20Gooch%20(1).jpg) #### Brian Gooch I work extensively in the corporate owner managed business sector, covering transactional taxes, property taxes including Stamp Duty Land Tax and VAT, and all areas of business tax planning. I have considerable experience in maximising tax efficiency by reviewing business structures and planning corporate reorganisations. [View my articles](https://blog.shorts.uk.com/author/brian-gooch) Tags: [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes), [Covid-19](https://blog.shorts.uk.com/topic/covid-19) Share this on - - - [Questions? Get in touch with us](https://www.shorts.uk.com/contact/) ###### Tax Saving Guide 2026-27 Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid. 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