Monthly Newswire – April 2021 Edition
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BUSINESS NEWS – APRIL 2021
The vaccine rollout continues, with more than 30 million people and over half of UK adults have now had the first dose. Phase one of the UK’s plan is that by April all over 50s, care home residents, healthcare workers, people shielding and others with specific health conditions will have been offered the first dose and that by 31 July phase two will be finished with all adults offered the vaccination.
Government Grant for Brexit
Tax year overview
BUSINESS NEWS 15 March 2021
The economy will recover!
The latest figures from the Office for National Statistics (ONS) show that the UK Gross Domestic Product in February 2021 was 9% down on the 2020 figures. This is similar to what has been reported in the press and monthly production in February was down 5% and manufacturing 5.7% lower than the equivalent figures for 2020.
Monthly Tax Newswire – March 2021
In the Chancellor’s second real Budget on 3 March 2021 he announced that he had to level with people about the state of the UK economy. Prior to Budget day there were fewer leaks than normal about possible tax changes. There were however announcements prior to Budget day of grants for High Street businesses and the hospitality sector and the widely predicted extension of the furlough scheme.
Corporation tax hiked. But for which companies?
Speculation that companies would see their tax rates increase in the Budget proved to be well founded, with an increase from 19% to 25% announced in order to help to get public finances back on track.