The Chancellor is due to present his autumn Budget around October/November time, although a specific date has yet to be advised.
Key decisions around the Country’s financial future will need to be made by Rishi Sunak, who is under enormous pressure to develop bold and innovative solutions to the financial difficulties being caused by Coronavirus.
Recent wide discussions have included suggestions that he may want to raise taxes in order to pay the CV19 bill, whereas other commentators are concerned that tax hikes would cripple economic recovery.
For the time being we are in a holding position and tax rates and allowances for 2020/21 remain unchanged. To access a copy of our handy rates and allowances table please click here:
It is possible that any changes made take immediate effect. If this is the case then we will publish and updated version on our site accordingly along with commentary on the changes and impacts as we see them. Meanwhile if you are concerned about potential changes to tax rates then look out for our You Tube videos on this topic, or alternatively contact us via the enquiry page to arrange time to discuss your situation with one of our Directors