The LB Weekly Roundup (BUDGET SPECIAL) – 5 March 2021

See the webinar recording at the bottom of this blog 👇

In this webinar, our Managing Director Sarah Alexander and Tax Director Tom Foster discuss the key announcements from the Chancellor’s Budget on Wednesday 3rd March!

 

Topics covered in the webinar include:

  • Coronavirus Support Measures
    • Loan Schemes – (skip to 02:28)
    • Restart Grants – (skip to 04:34)
    • Business Rates – (skip to 06:22)
    • Rates Review – (skip to 07:38)
    • Employer-Reimbursed Coronavirus Tests – (skip to 08:18)
    • Coronavirus Job Retention Scheme – (skip to 08:52)
    • Traineeships & Apprenticeships – (skip to 10:16)
    • Reduced VAT for Hospitality Sector – (skip to 11:28)
    • Self-Employment Income Support Scheme – (skip to 13:42)
  •   Tax Changes Announced
    • Corporation Tax Rates – (skip to 17:56)
    • Tax Losses – (skip to 22:43)
    • Super Deduction – (skip to 23:45)
    • First Year Allowances for Business Cars – (skip to 26:38)
    • Van Benefit Charge Nil-Rating – (skip to 28:09)
    • Employer-Provided Cycles Exemption Easement – (skip to 28:36) 
    • Research and Development (R&D) Tax Relief – (skip to 29:23)
    • Capital Gains Tax (CGT) – (skip to 31:47)
    • Inheritance Tax (IHT) Nil Rate Bands – (skip to 32:57)
    • Off-Payroll Working in the Private Sector – (skip to 33:37)
    • Personal Allowance and Tax Bands/Rates – (skip to 35:11)
    • Income Tax Exemption for COVID-19 Home Office Expenses – (skip to 37:32)
    • Pensions Lifetime Allowance – (skip to 38:21)
    • Stamp Duty Land Tax (SDLT) – (skip to 39:11)
  •  Other Budget Announcements 
    • Universal Credit and Working Tax Credit – (skip to 40:47)
    • Venture Capital Schemes – (skip to 41:12)
    • Mortgage Guarantee Scheme – (skip to 41:48)
    • National Minimum and National Living Wage (NMW & NLW) – (skip to 42:23)
    • Freeports – (skip to 43:31)

We have also put together a guide, which explores these Budget announcements further, which you can download here: https://www.lewisbrownlee.co.uk/budget-2021-guide/

If you have any questions or would like to discuss any topics further, then please get in touch: