2021/22 Tax card

Published by Daniel Grainge on 4 March 2021

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Whilst there were hints of what the country’s position on the world stage might look like following the conclusion of Brexit, the Budget understandably focused on continued support for businesses and individuals affected by the COVID pandemic.

It was a Budget to provide a COVID-weary nation with a ‘financial breather’ but with announcements of significant increases in tax rates for companies and more subtle increases in tax for individuals in the not-too-distant future.

The Chancellor is giving tax-breaks on investment now to kick-start the economy only to claw it back in a few years’ time.