I’m not sure if this is of interest to you but tomorrow we will be discussing today’s budget announcement and how it will affect you and your business or charity! CLICK HERE FOR MORE INFO
In the meantime, here are some brief points compiled by Karen Waters
✅ Furlough Extended
✅ SEISS extended and will use 2020 return (yay!)
❌Corp Tax increased to 25% from 2023 but not for smaller profit businesses who remain at 19% tapering up from 50k to 250k.
✅Restart grants in April for including hospitality and gyms and personal care sectors
✅VAT 5% reduced rate extended with an interim rate before increasing back to 20% in March 22
✅Business Rates holiday extended
✅ Housing – stamp duty extension and a home buyers mortgage guarantee