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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

HMRC new deferred VAT payment scheme

Last year HMRC allowed the deferral of payment for VAT liabilities due between 20th March and 30th of June 2020. This liability was due to

The Budget and Covid-19

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

Budget 2020

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 Taxes – Budget 2020

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%

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