Budget 2021: What you need to know

Watch and read our Budget summaries

This year’s Budget took place against an incredibly challenging economic backdrop, and a number of announcements were made which will impact taxes, pensions and investments for both individuals and businesses.

Below we summarise the announcements with links to the recordings from some of our Partners at our live Budget Breakfast event, and we have also included a Budget Report for you to download and read at your leisure.

The much-anticipated 2021 Budget has now been delivered, and our financial professionals have analysed how businesses and individuals may be affected by the changes. Choose from the various video presentation options from our Budget Breakfast, and learn more about what matters to you.

Luke Morris, Corporate Finance Partner takes a look at the way the pandemic has affected economy, and makes some post-Covid predictions, to include projections on the national debt, interest rates, business valuations and suggests that data may be the new currency.

Faye Howard, Private Client Tax Partner explains some of the Budget messages concerning personal tax including allowances, Income Tax, Inheritance Tax, venture capital schemes, Capital Gains Tax for residential property and the latest coronavirus support measures.

Grant Buchanan, Independent Financial Planning Partner goes through yesterday’s Budget announcements concerning the markets outlook, bitcoin, pension tax reliefs, lifetime allowances and ISA allowances.

Gavin Birchall, Tax Partner clarifies some of the business and property tax changes in the Budget, including business rates, stamp duty land tax, vat thresholds and deferrals, the vat reverse charge, enterprise management initiatives, and the latest news on freeports and the towns fund.

Jason Fayers, Corporate Tax Partner explains some of the major Budget announcements for businesses such as changes to Corporation Tax rates, Covid trading losses, capital allowances, R&D tax relief, off-payroll working (IR35) and how the Super Deduction scheme will work.

A written summary of the March Budget is now available to read and download, with facts and figures on all the measures announced by Rishi Sunak on Wednesday 3rd March 2021.

Click here to read the report

For help and support on any of the topics raised in this years Budget announcements please contact us on 0330 058 6559

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