Budget

Capital Gains Tax (CGT) rates

Research and Development relief reform

Research and Development (R&D) tax reliefs for companies will be reformed to:

Alchohol duty

Rates of Alcohol Duty were not changed in this Budget. The government is publishing a consultation on its detailed proposals for Alcohol Duty reform. These include:

The personal allowance

Or so he wants companies to think! 

In recent times we have got used to hearing big bold claims in budget speeches. 

Today the Chancellor has provided the budget for 2021 and beyond, updating the country on new measures required to combat the effects of the COVID-19 pandemic and future changes to tax to pay for them.

Here at Hamlyns we watched with great interest as Rishi Sunak delivered his first budget, below we have highlighted some of the key headline tax announcements and their impact on smaller businesses and individuals.