Budget Summary- Autumn 2021

Dear All,

Our “glossy” Budget summary can be found by clicking here: – 2021 Autumn Budget

It wasn’t the most exciting Budget for most of our clients.  The worries over changes to capital gains tax or pensions were, again, unfounded.

However, it is clear that the April 2022 social care levy (1.25% onto National Insurance and Dividend tax) and corporation tax rates of 25% from April 2023 will be affect many owner managed businesses quite significantly.

Within the speech, the Chancellor made clear that he wants to reduce taxation in this Parliament.  Perhaps these tax rises will be reversed or cancelled quite quickly if economic conditions permit.

The team here are always happy to help you plan for these changes.

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