UK Budget 2021 comes at a time of unprecedented economic and societal change. While there is light at the end of the tunnel due to the rapid rollout of the vaccination programme and road maps for the reopening of the economy, there is still some way to go. Until then it is critical that vital supports continue to be available to individuals, families and businesses.
The Chancellor framed his Budget in three distinct parts: continuation of vital Covid-19 supports; revenue raising measures to put the public finances on a more sustainable footing over the medium term; and driving economic recovery by stimulating business investment.
The KPMG tax team has produced a special Budget 2021 edition of Taxing Times which provides an overview of the day's main announcements including:
If you have any queries on the topics covered in our UK Budget 2021 report, please contact Johnny Hanna, partner in change, KPMG in Belfast.