Howards Accountants

The rise in corporation tax in one go to 25% in 2023 for big companies is a very significant tax increase. And some will say quite risky when the British economy is adapting to Brexit. But there is also a massive new incentive for corporate investment for two years #Budget2021

Pretty much all tax thresholds - for income tax, inheritance tax, pensions allowance, CGT, VAT and so on - will be frozen from next year to 2026. These are disguised tax rises for pretty much all of us, though hit higher earners most

Here is unprecedented scale of government support during and after Covid19. This budget includes £65bn of new support, taking total Covid-linked spending this year and next to £352bn and total stimulus of £407bn. Borrowing rises more - by a record £589bn in this period