Chancellor Rishi Sunak’s second Budget gave him the opportunity to put forward more measures to help businesses during the Covid-19 pandemic.
Personal Information updates include Rates & Allowances, National Insurance Contributions, Capital Gains Tax, Company Van Benefit, Inheritance tax etc.
Business information covers the news that Corporation Tax for business will increase from 1 April 2023 to 25% on profits over £250,000. Companies with profits of less than £50,000 will remain at 19%.
Our summary report below details his key announcements:
If you have any questions arising from the announcements, please get in touch.