Rishi Sunak has set out his Budget 2021. Key points to note are as follows:

  • Corporation Tax to hike to 25% from 2023
  • New “Super Deduction Capital Allowances on Plant & Machinery” to boost investment
  • Income tax freeze to hit high earners
  • New Covid-19 business loan scheme
  • Self-employed grants extended to September
  • Furlough scheme extended until September
  • Business rates holiday and VAT cut extended
  • Stamp duty holiday extended

See attached our detailed document regarding the Budget for 2021 at the following link – Budget 2021