Budget 2021

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The Chancellor of the Exchequer, Rishi Sunak, has announced that the Government will publish the latest UK Budget on Wednesday 3 March 2021.

The Spring Budget will set out the next set of financial measures for individuals and businesses as the UK transitions through the next phase of this pandemic and on towards the road of recovery.

Budget 2021 will be dominated by two topics:

  1. how to control the economic impact of the pandemic and,
  2. how to control the deficit/national debt.

This Budget will be seen as a key marker on the roadmap for the year ahead, and with the cancellation of the last Budget in November, plus the fact this is the UK’s first Budget as an independent country for over 40 years, everyone will be keen to hear what initiatives Rishi will announce to help recoup the financial outlays for the various Government COVID-19 support schemes.

It is a fine balancing act that he will have to get right, and we will be there at every point to give you key advice and our expert views as the Budget is announced.

Spring Budget 2021 – Read our key views to help individuals and businesses take the right next step

Budget 2021: Predictions & Wishlist

In this exclusive article, our experts give their views on what could be expected from the Spring Budget, and the potential impact on rebuilding the economy in a post-Covid and post-Brexit environment.

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Budget 2021: Raising Corporation Tax is a self-defeating strategy

As a Corporation Tax rate (currently 19%) rise remains a possibility for this year’s budget (3 March), Our Head of Corporate and International Tax, Chris Denning believes the government needs to stimulate enterprise and investment and, like it or not, the Corporation Tax rate is seen as a bellweather for the attractiveness of the UK economy.

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Budget 2021: COVID-hit travel sector’s expectations

Travel and Tourism Partner, Rajeev Shaunak outlines that urgent measures are needed to save the travel industry from the enormous impact of the Covid-19 pandemic. The lack of liquidity is the biggest single danger to the industry right now and helping travel businesses manage their cash flow needs to be a priority.

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Budget 2021: Extending the Furlough Scheme

Ahead of the budget on 3 March, Nigel Morris, Employment Tax director at MHA MacIntyre Hudson, says extending the furlough scheme is the right call but with no sector distinctions and ought to go hand in hand with a return of the Job Retention Bonus Scheme.

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Budget 2021: Robust financial support measures are needed to help UK SMEs and entrepreneurs recover

Robust financial support measures and not just ‘sticking plasters’ are needed to help UK SMEs and entrepreneurs recover and grow well beyond the pandemic.

Read more here

To help you navigate these unsure times our experts across MHA will be delivering a collection of special insights, webinars and commentary that will cover the key points from the economic update.

If you want to receive one of these special FREE guides to help with your plans, please complete your details using our online form below

Pre-order our exclusive Tax Card and Budget Summary Guides

You can also catch our latest Budget updates as they are published by following us on LinkedIn and Twitter.

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If you would like further guidance or to discuss in more detail how this Budget may impact your business, please contact one of our specialists at your local MHA member firm