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Budget 2021
Budget Report 2021
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. Chancellor Rishi Sunak announced the 2021 Budget following a prolonged period of economic hardship caused by the coronavirus (COVID-19) pandemic. 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 business and personal circumstances change. We will work alongside you to help you achieve a rewarding and financially secure future.
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 2021/22 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.
Contents
Introduction and Highlights ...................................................2 Personal tax..............................................................................3 Income Tax and Personal Savings ...........................................4 Employment..............................................................................5 National Insurance ..................................................................7 Minimum Wage.........................................................................8 Tax and Travel...........................................................................8 Business....................................................................................9 Capital Taxes...........................................................................12 Other Matters.........................................................................13 Duties. ....................................................................................14 What They Said.......................................................................14 My Key Budget Points. ..........................................................15 2021/22 Tax Calendar. ...........................................................16
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