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Autumn Budget 2021

The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with

Personal Tax – Autumn Budget 2021

The personal allowance The personal allowance is currently £12,570. The Chancellor announced in the March 2021 Budget that the personal allowance will be frozen at

Business – Autumn Budget 2021

Making Tax Digital for income tax The Making Tax Digital (MTD) regime is based on businesses being required to maintain their accounting records in a

Employment – Autumn Budget 2021

National Insurance Contributions (NICs) In September 2021 the government published its proposals for new investment in health and social care in England. The proposals will

Capital Taxes – Autumn Budget 2021

Capital gains tax (CGT) rates No changes to the current rates of CGT have been announced. This means that the rate remains at 10%, to

Other Matters – Autumn Budget 2021

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

Budget 2021

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

Business – Budget 2021

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 Taxes – Budget 2021

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

Employment – Budget 2021

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

Personal Tax – Budget 2021

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

Other Matters – Budget 2021

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

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