Chancellor Rishi Sunak presented his much-anticipated second Budget on Wednesday 3 March 2021. There were many rumours of changes that would be implemented, but much of the content concerned maintaining the current position for up to five years causing a fiscal drag to boost tax revenues.
In his speech, he stated his Budget ‘meets the moment with a three-part plan to protect the jobs and livelihoods of the British people’.
Our summary focuses on the tax measures which may affect you, your family and your business. To help you decipher what was said we have included our own comments. If you have any questions please contact us for advice.
You should contact us before taking any action as a result of the contents of this summary. If you would like to discuss any area that affects you in more detail please contact a member of our tax team; Nick Parkes, Ian Botham or Kimberley Shapcott.
01332 680 540
March 4th, 2021