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