On the 3rd of March 2021, The Chancellor delivered the budget. A summary of the main points are as follows: COVID-19 Support Extension of the Coronavirus Job Support Scheme to September 2021Self Employment Income Support scheme extended to September 2021, with 600,000...
Personal Tax The threshold at which people pay 40% tax will rise from £42,385 to £45,000 in April 2017. Tax-free personal allowance rising to £11,500 in April 2017. 0.5% rise in insurance premium tax. Capital Gains Tax Capital Gains Tax to be cut from 28% to 20%, and...
Below are the key points from George Osborne’s 2015 summer budget in relation to businesses and personal tax changes. Businesses Corporation Tax will be cut from its current rate of 20% to 19% in 2017 and 18% in 2020. National Insurance employment allowance for small...
Below is a summary of George Osborne’s 2015 budget, who promised a “No giveaways, no gimmicks” budget. Income tax The tax-free personal allowance to rise from £10,600 in 2015-6 to £10,800 in 2016-7 and £11,000 in 2017-8. The threshold at which people start paying 40p...
In the face of disappointment at failing to deliver on the coalition's defining mission of eliminating the structural deficit by 2015, George Osborne’s Autumn Statement was anticipated with a fair amount of cynicism and a lot more excitement surrounding the odds on...
Below is a summary of George Osborne’s latest budget, he describes the budget as “a budget for people who aspire to work hard and get on" with 'Savers at centre of Budget' Fuel duty The fuel duty rise that was planned for September has been scrapped. Alcohol duty The...
Below is a summary of George Osborne’s latest budget, billed by the chancellor as “a budget for people who aspire to work hard and get on". He describes it as a budget for people who realise there are no easy answers and says we have cut the deficit by a third, not a...
For another year the Chancellor has been tasked with delivering the government’s plans to restore the country to financial good health whilst juggling the need to continue with austerity cuts, maintain the tax take and keep the voters happy. Naturally my interest is...