Tonnage Tax The UK’s tonnage tax regime will be reformed from April 2022 to help the UK shipping industry grow and compete in the global

The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021. In his speech he stated his Budget ‘meets the moment with a

Coronavirus loan schemes In 2020, the government introduced a number of government-guaranteed coronavirus loan schemes. In December 2020 the Chancellor extended, until the end of

Capital gains tax (CGT) rates No changes to the current rates of CGT have been announced at Budget 2021. This means that the rate remains

The Coronavirus Job Retention Scheme (JRS) The current JRS allows an employer to place an employee on furlough and apply for a grant to cover

The personal allowance The personal allowance is currently £12,500. Budget 2018 announced that the allowance would remain at the same level until 2020/21 and the

Land and buildings transaction taxes Land and buildings transaction taxes are devolved to Scotland (Land and Buildings Transaction Tax) and Wales (Land Transaction Tax). Stamp

The Budget on 11 March 2020 announced a three point plan in response to COVID-19 designed to support public services, individuals and businesses. The Government

The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of a

Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and 20%

National Insurance thresholds The government has recently announced National Insurance thresholds for 2020/21. Most thresholds will rise with inflation. Two thresholds, however, will rise by

VAT E-publications The government will introduce legislation to apply a zero rate of VAT to e-publications from 1 December 2020, to make it clear that