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Spring Budget

A concise summary of the tax and non-tax measures announced in the Spring Budget.

  1. News

Introduction

The Chancellor Rishi Sunak presented his second Budget on Wednesday 3 March 2021.

Business

Highlighting Coronavirus measures, corporation tax, R & D, tax losses and business rates.

Capital Taxes

Highlighting capital gains tax and inheritance tax.

Employment

Highlighting Coronavirus support, National Insurance and off-payroll working.

Personal Tax

Highlighting income tax, savings and reliefs.

Other Matters

Highlighting various matters, including land and buildings taxes and the contactless payment card limit.

Making Tax Digital for Income Tax Self Assessment delayed for a year

The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year.

06 Oct

National Insurance and dividend tax rises announced for social care reform

From April 2022, the government plans to create a new social care levy which will see UK-wide tax and National Insurance Contribution (NIC) increases.

06 Oct

Latest Business News

Making Tax Digital for Income Tax Self Assessment delayed for a year

The government has delayed the introduction of Making Tax Digital (MTD) for Income Tax Self Assessment (MTD for ITSA) for a year.

06 Oct 2021

National Insurance and dividend tax rises announced for social care reform

From April 2022, the government plans to create a new social care levy which will see UK-wide tax and National Insurance Contribution (NIC) increases.

06 Oct 2021

Chancellor to deliver Autumn 2021 Budget on 27 October

HM Treasury has announced that Chancellor Rishi Sunak will deliver the Autumn 2021 Budget on Wednesday 27 October.

06 Oct 2021