A round-up from the Spring Budget 2021

Mar 4, 2021 | Budget report

Several coronavirus support schemes were announced in yesterday’s Budget announcement, alongside plans for the country’s post-pandemic recovery.

Each year, we publish our Langdowns DFK report, outlining everything you need to know from the Chancellor’s Budget announcements. Yesterday’s changes include:

  • Corporation tax to rise to 25% from 2023 for businesses with profits of £250,000 or more
  • 130% capital allowance ‘super-deduction’ for new plant and machinery for 2 years from April 2021
  • Tax losses carry-back to temporarily be extended to 3 years
  • Furlough scheme extended to September
  • Stamp duty holiday, business rates holiday and VAT cut extended

To download the Langdowns DFK report, click here.

If you have any questions, please contact [email protected].

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