Wettone Matthews’ Budget Report 2021
Earlier this week the 2021 Budget was announced affecting everyone in the country. Some of the key highlights include the following:
- Extension of the Coronavirus Job Retention Scheme (CJRS) until 30 September
- Fourth and fifth SEISS grants this year
- Extension of stamp duty holiday until 30 September
- £5 billion restart grants to boost businesses after lockdown ends
- Corporation tax set to rise to 25% in 2023
- Eight locations named for Freeports in England
- A super-deduction providing allowances of 130% on most new plant and machinery
- Extension of the reduced 5% VAT rate in the hospitality industry to 30 September. A 12.5% rate will apply for the subsequent 6 months to 31 March 2022
For full details of the budget please use the following link: Wettone Matthews 2021 Budget Report