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Budget 2020
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Budget Speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business. Budget Report 2020
Chancellor Rishi Sunak announced his first Budget, and the first since the UK left the European Union, after a postponement caused by last year’s Brexit wrangling.
This guide contains advice which is designed to assist you with effective tax and financial planning. We can help to ensure that your financial plans remain effective, even as your personal and business circumstances change. We will work alongside you to help you achieve a rewarding and financially secure future.
Contents
Introduction and Highlights .........................................................2 Personal Tax...................................................................................3 Income Tax and Personal Savings .................................................4 Employment Taxes.........................................................................5 National Insurance ........................................................................7 Minimum Wage..............................................................................8 Tax and Travel. ...............................................................................8 Business Tax...................................................................................9 Capital Taxes................................................................................ 12 Other Matters.............................................................................. 13 Duties........................................................................................... 14 What They Said............................................................................ 14 My Key Budget Points................................................................. 15 2020/21 Tax Calendar..................................................................16
How to make the most of our services Use page 15 to compile your own summary of the key points arising from the Budget and any actions you may wish to consider. The 2020/21 Tax Calendar on page 16 details many of the important dates and deadlines for the coming tax year. Do contact us as soon as possible to discuss any action you may be considering, and to review your long- term plans. We always welcome the opportunity to help.
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