A summary from the Treasury
From April 2023 the rate of Corporation Tax paid on company profits will increase from 19% to 25%
— HM Treasury (@hmtreasury) March 3, 2021
Companies with profits under £50,000 will remain at 19%, meaning only 10% of companies will pay the higher rate#Budget2021 #PlanForJobs pic.twitter.com/e6tMwtx3y5
An increase in the Personal Allowance to £12,570 in April 2021, which will be maintained at that higher level until April 2026. #Budget2021 #PlanForJobs pic.twitter.com/5u6AYuFmWo
— HM Treasury (@hmtreasury) March 3, 2021
The mortgage guarantee scheme will encourage lenders to offer 95% mortgages, making home ownership more accessible to those with a smaller deposit.#PlanForJobs #Budget2021 pic.twitter.com/YKofpwp6yf
— HM Treasury (@hmtreasury) March 3, 2021
A tapered extension of the stamp duty holiday until 30 September, helping more people to purchase their homes before the deadline and supporting jobs. #Budget2021 #PlanForJobs pic.twitter.com/VavhpunPMH
— HM Treasury (@hmtreasury) March 3, 2021
We are extending the temporary reduced VAT rate for hospitality and tourism.#PlanForJobs #Budget2021 pic.twitter.com/4KWVk7pfKZ
— HM Treasury (@hmtreasury) March 3, 2021
Eligible retail, hospitality and leisure businesses pay no business rates for 3 months, with up to 66% relief for the rest of the year worth over £6 billion in 2021-22. #Budget2021 #PlanForJobs pic.twitter.com/sIvt4Osjr4
— HM Treasury (@hmtreasury) March 3, 2021
£300m to back clubs and governing bodies across a wide range of sports in England.#PlanForJobs #Budget2021 pic.twitter.com/UsDOKTIfxI
— HM Treasury (@hmtreasury) March 3, 2021
£300m to extend the Culture Recovery Fund, continuing to support key national and local cultural organisations in England and protecting jobs. #Budget2021 #PlanForJobs pic.twitter.com/tEF9OI176N
— HM Treasury (@hmtreasury) March 3, 2021
The Self-Employment Income Support Scheme has been extended.
— HM Treasury (@hmtreasury) March 3, 2021
The 4th grant will cover February to April, worth 80% of average trading profits up to £7,500.
A 5th grant will be available from July.#Budget2021 #PlanForJobs pic.twitter.com/0Y2ses3qTe
The Coronavirus Job Retention Scheme will be extended until the end of September.#PlanForJobs #Budget2021 pic.twitter.com/Zk4g7GkbG6
— HM Treasury (@hmtreasury) March 3, 2021