Find out more about these measures and what they could mean for your business

October 2021 Budget Statement

  • BUSINESS RATES TO BE MADE “FAIRER” AND 50% DISCOUNT FOR THE RETAIL AND HOSPITALITY SECTOR
  • CHANGES TO R&D TAX RELIEF
  • NATIONAL LIVING WAGE INCREASED TO £9.50 AN HOUR
  • NO CHANGES TO INCOME TAX RATES AND PERSONAL ALLOWANCE FROZEN
  • SOME NATIONAL INSURANCE THRESHOLDS ARE CHANGING
  • NEW RESIDENTIAL DEVELOPER TAX
  • CULTURAL TAX RELIEFS DOUBLED
  • GROUP RELIEF FOR EUROPEAN COMPANY LOSSES TO END
  • MORE TIME TO REPORT AND PAY CGT ON RESIDENTIAL PROPERTY DISPOSAL
  • PENSION TAX RELIEF UNCHANGED
  • INDIVIDUAL SAVINGS ACCOUNT LIMITS FROZEN AGAIN

 

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