The key areas of Tax Day
Posted by Andrew_Smith on Thursday 25th of March 2021
In mid-February the Treasury announced that “To allow for more transparency and scrutiny, documents and consultations that would traditionally be published at a Budget will be published on 23 March”. It was far from clear what would, or would not, emerge just 20 days after Rishi Sunak’s first Budget of 2021. A letter from the Financial Secretary, Jesse Norman, to the Treasury Select Committee promising “… a number of consultations, most of which will be published on the same day” was similarly vague.
Nevertheless, 23 March became labelled T...
Spring Budget Report 2021
Posted by Andrew_Smith on Friday 5th of March 2021
Spring Budget 2021 “We will recover”
Posted by Andrew_Smith on Thursday 4th of March 2021
Chancellor of the Exchequer, Rishi Sunak, delivered his second Budget on 3 March declaring that "we will recover". The key fiscal event, which had been delayed from the Autumn due to the pandemic, centred on a £65bn three-part plan designed to continue supporting British people and businesses through the pandemic, ‘fix’ the public finances once recovery begins and lay the foundations for the future economy.
Economic Forecasts
The Chancellor began his statement by revealing the latest forecasts produced by the Office for Budget Responsi...
‘No matter how long the winter, spring is sure to follow’
Posted by Andrew_Smith on Tuesday 9th of February 2021
As we entered the new year with further lockdowns and history making world events, the hope of spring hangs in the air, an enticing prospect, this year, more than ever. While we’re waiting for the green shoots of spring to emerge, why not use the time effectively by getting your finances in order before the end of the tax year?
The tax year ends on 5 April 2021, which is Easter Monday this year, so don’t wait until the last minute to double-check you’ve taken advantage of all the tax-efficient allowances available to you. To avoid a last-...