The Chancellor today unveiled the contents of his Budget in the House of Commons. But what does it mean for you and your clients?
We’ve pulled together a range of information, analysis and resources to help.
ACCA Budget Reaction
'Fragmented’ budget does not give businesses certainty
Download and share key guides to Budget 2021
ACCA's simple guide to Budget 2021, A guide to business rates and Budget 2021: tax rates and allowances that summarise the key information you need from Budget 2020.
UK Budget update webinar
How does the Budget impact you and your clients?
UK Budget Survey
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Extra support for apprenticeships is extended
Temporary incentive payments introduced in 2020 will be increased to £3,000 and continue until September
SME Brexit Support Fund helps prepare businesses
Grant offers £2,000 towards professional advice and training on import and export rules including VAT
Employment Allowance set to continue
Businesses will not to have to pay employer’s NIC on the first £4,000, so take care when you claim!
Changing your year-end/period of account? Don’t forget ‘overlap relief’
This relief could help cashflow for small businesses when they need it most
Stamp duty land tax surcharge for non-UK residents
Non-UK residents to pay additional SDLT on residential property purchases from April 2021
Employers of ex-military get national insurance holiday
Relief applies to recruitment of former members of the UK regular armed forces
ACCA engagement letters updated
The free resource includes new VAT schedules to cover Great Britain and Northern Ireland following Brexit
Don’t miss the 1 April tax payment deadline
If you benefited from HMRC’s filing extension, make sure you avoid the 5% penalty
Free webinars offer support in key technical areas
ACCA UK’s practitioner series covers hot topics from Covid-19 and data protection to crossborder VAT
UK Budget 2021: economic overview
The success of the Covid-19 vaccination programme has bolstered the prospect of a strong rebound
MTD for VAT: end of the soft-landing era
Systems must be compliant for MTD from 8 April
Temporary VAT rate reduction extended until September
Corporation tax to rise – marginal rate relief returns
Small profit and main rates of CT make a come-back, along with marginal rate relief
Government to consult on digital platform reporting rules
The new power, based on OECD rules, will enable HMRC to demand information on sellers’ incomes
Plastic packaging tax will be introduced this year
New regulations could lead to 200,000 tonnes of carbon savings in 2022-23 and increase use of recycled materials by 40%
More grants via the Self-employed Income Support Scheme
The latest round of grants for the SEISS has been announced, with more applicants potentially qualifying.
Extension to the Coronavirus Job Retention Scheme
An extended version of the CJRS provides further support for employees until the end of September
Home office income tax and NIC exemption extended
Employers will not be required to report reimbursed expenses when employees need to buy equipment
Capital allowances and other new reliefs
AIA has already been extended to 31 December 2021. Enhanced super-deduction reliefs now available for certain investments
Sunak puts you front and centre again!
The chancellor hit a home run today in the Budget for the future of the UK economy.
Maintaining annual exempt amount for capital gains tax
A freeze on the annual exemption amount to 2026!
New VAT penalty regime
Reform of existing regime with a £200 points-based late submission penalty
Gift Hold-Over Relief to be restricted
Business assets given to foreign-controlled companies may not be eligible for capital gains tax relief
Freeze coming on pension lifetime allowance
Plan ahead – there is a freeze coming from 2021 to 2026
Stamp Duty Land Tax relief for Freeports
Know the rules as there are control requirements
Research & Development tax reliefs
Anti-abuse measures for SMEs R&D tax relief and R&D reform with more on the horizon.
Temporary extension of losses carry-back for businesses
Extension of the period for trading losses carry-back to get a refund
Pensions update – all you need to know
Updates to annual, lifetime and tapered annual allowances and more
Easement continues for employer-provided bike tax exemption
Cycle to Work scheme’s qualifying journeys condition for employees will not be reintroduced until 2022.
Income tax roundup
Here’s our guide to the changes for 2021, including a personal allowance freeze and Covid-related exemptions
Investor tax incentives
Extended tax incentives for social investment initiatives
Inheritance tax bands to freeze for five years
Thresholds on the nil-rate, and residence nil-rate and taper, will be fixed until 2026
Recruitment support – ACCA Careers
ACCA Careers is always here to help ACCA Members