2021 Spring Budget guide

04 March 2021

Following the Chancellor’s 2021 Spring Budget announcement yesterday, please see our guide and commentary by clicking on the image below:

AH Budget Report 2021

With the UK having been adversely affected by the coronavirus (COVID-19) pandemic, Chancellor Rishi Sunak presented the 2021 Budget against a backdrop of ongoing economic hardship. Despite the rumours that capital gains tax was going to be radically overhauled in the Budget, it was corporation tax that saw the most significant change.

There is further support for businesses though with the announcement that the furlough scheme will be extended until the end of September 2021 and there will be two further self employment grants. It comes as welcome news that the fourth and fifth self employed grants will be available for many that previously did not qualify.

Throughout the guide you will find informative comments to help you assess the effect that the proposed changes may have on you personally, as well as a handy 2021/22 Tax Calendar. 

Don’t forget, as well as helping to ensure that your accounts are accurate and fully compliant, we can also suggest strategies to minimise your tax liability and maximise your profitability. 

If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s Budget speech, please do get in touch with us.

Phone us on 01892 891902 or contact us to talk about your financial plans