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.
Business News – March 2021
Welcome to our round up of the latest business and Covid-19 news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you through these tough times.
Monthly Tax Newswire – March 2021
End user can be liable for the tax not deducted. Don’t lose your 2020/21 personal allowance and more.