A round-up from the Spring Budget 2021

Mar 4, 2021 | Budget report

Spring budget

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 glovell@langdownsdfk.com.

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