04 March, 2021 in Industry News

2021 Budget

Chancellor Rishi Sunak presented the 2021 Budget yesterday afternoon against a backdrop of ongoing economic hardship.

Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s speech.

The announcement included plans to continue to support workers through the extension of the furlough scheme, a freeze on personal tax thresholds until 2026 after a rise this year and, an increase in corporation tax in April 2023. 

However, our Budget Summary also looks beyond the headlines and offers details on the less-publicised changes that are most likely to have an impact upon your business and your personal finances.

Additionally, throughout the Summary we have provided informative comments to help you assess the effect that the proposed changes may have on you personally.   

Click here to read our budget summary.

If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s Budget speech, please contact our Tax Team.

Whilst every effort has been made by CavanaghKelly to ensure the accuracy of the information here, it cannot be guaranteed and neither CavanaghKelly nor any related entity shall have liability to any person who relies on the information herein. Information given here is for guidance only. Detailed professional advice should be taken before acting on any information contained herein. If having read the guidance here, you would like to discuss further; a member of our team would be pleased to help you.