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66
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Spring Budget 2021 - Low Deposit Mortgage Guarantee Scheme

Low Deposit Mortgage Guarantee Scheme Rishi Sunak has announced that the Government will back a new 95% mortgage scheme which aims to help people with low deposits to purchase a residential pro... more


66
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Spring Budget 2021 - A New Penalty Regime for Late Returns

A New Penalty Regime for Late Returns   A new penalty regime is to be phased in over the next few years where there has been a late submission of Tax Returns based upon a points system... more

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77
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Spring Budget 2021 - Pensions

Pensions The pension lifetime allowance limit (PLTA) normally increases in line with the consumer price index. However, the Chancellor has decided to freeze the PLTA at £1,073,100 until A... more

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48
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Spring Budget 2021 - ISA's and Child Trust Funds

ISA's and Child Trust Funds The ISA subscription limit from April 2021 will remain at £20,000. The annual subscription limit for Junior ISAs and Child Trust Funds will also remain at ... more


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Spring Budget 2021 - Inheritance Tax

Inheritance Tax The tax rates and nil rate band for Inheritance Tax purposes remains the same until April 2026.   The nil rate band will remain at £325,000 and the residence ... more


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Spring Budget 2021 - National Insurance

National Insurance The annual National Insurance (NI) threshold for an individual where they start to pay NI on their earned income has been increased to £9,568 (£797 per month) fro... more


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Spring Budget 2021 - Marriage Allowance

Marriage Allowance  The Marriage Allowance which individuals can transfer to their spouse or civil partner, where the recipient is not a higher rate or additional rate taxpayer and they ar... more


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Spring Budget 2021 - Income Tax & Dividend Rate Bands

Income Tax Rate Bands Once the individual’s Personal Tax Allowance has been exceeded the balance is then taxed as follows:  Rest of UK Income Tax Rates 2021-22 ... more


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Spring Budget 2021 - Personal Tax

Personal Tax   With this in mind, from April 2021 the Personal Tax Allowance will increase to £12,570 and this is for all UK taxpayers. The allowance will remain at this level u... more

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46
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Spring Budget 2021 - Universal Tax Credit Extension

Universal Tax Credit Extension   The Universal Credit temporary uplift of £20 a week, which was due to come to an end on 31 March 2021, has been extended by a further six months ... more


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Spring Budget 2021 - Business Rates (England)

Business Rates (England)  Business rates in Northern Ireland, Scotland and Wales are set by the devolved Governments.    Eligible businesses in the retail, hospitality an... more


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Spring Budget 2021 - Recovery Loan Scheme

Recovery Loan Scheme  The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing... more


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Spring Budget 2021 - New Restart Grant (England)

New Restart Grant (England)  Non-essential retail businesses in England will receive grants of up to £6,000 per premises.    Hospitality and leisure businesses in E... more


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Spring Budget 2021 - Further Grant for Self-Employed

Further Grant for Self-Employed  The third round of Government support for the self-employed under the UK Self Employed Income Support Scheme (SEISS), covered the three months up to the en... more


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Spring Budget 2021 - Extension of Job Support Scheme

Extension of Job Support Scheme  The furlough scheme to help employers and employees alike, which was due to finish at the end of April, has now been extended until the end of September 20... more