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After 4 weeks in post the new Chancellor of the Exchequer Rishi Sunak delivered his first budget on 11 March 2020.

The opening part of his speech was dominated by the announcement of substantial temporary and targeted measures aimed at providing a ‘safety’ net for individuals and a ‘bridge’ for businesses from the expected disruption from the ongoing coronavirus outbreak.

The remainder of the speech focused on various spending and tax policy measures to address the many other challenges and opportunities facing the UK.

The KPMG tax team has produced a special Budget edition of Taxing Times which provides an overview of the day’s main announcements including:

  • Business Tax
  • International Tax Competitiveness
  • Tax Incentives for Business
  • Individuals
  • Employment Taxes
  • Indirect Taxes

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