Spring Budget

An overview of the Chancellor's announcements.

Pension changes and coronavirus support.
The new income tax rates / personal allowances.
Changes to National Insurance, employer provided cars and the Employment Allowance.
The new rates of NICs.
The latest increases.
Measures affecting vehicle-related tax and benefits.
Changes to corporation tax and other measures for business.
Including changes to Entrepreneurs' Relief.
A round-up of miscellaneous announcements.
Changes to alcohol and tobacco duties.
Reaction to the Chancellor's statement.

Latest business news

VAT cut on PPE extended

The Treasury has extended the temporary scrapping of VAT on personal protective equipment (PPE) until the end of October.

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Government to give £111 million to businesses to fund traineeships

The government plans to give UK businesses £111 million in order to fund new traineeships and get young people in England into work.

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HMRC finds lack of knowledge causing MTD non-compliance

A survey commissioned by HMRC has found that a lack of knowledge amongst UK businesses has contributed to Making Tax Digital for VAT (MTD for VAT) non-compliance.

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