Budget 2021 Key Points
Summary of key points made in the Budget 2021, including measures to mitigate Coronavirus, extended reliefs, tax changes in 2021/22 and beyond.
Business rates relief and reform
Business rates relief and reform may well be on the cards. Expect an extension to business rates relief in the Budget on 3 March and indications of the path business rate reform might take.
Pay VAT deferred due to Covid19
HMRC has clarified the payment options and how to join the VAT deferral new payment scheme. The online service will be open between 23 February and 21 June 2021.
Chancellor delays repayments on Bounce Back Loans
Bounce Back Loan repayments can be delayed further as Chancellor extends Pay as You Grow options.
The Cashflow Cliff-Hanger
Wayne Thomas, partner at Bates Weston, looks at the cashflow pressures that are mounting for businesses.