Freeport Zones
Following the UK’s departure from the EU, the government intend to establish new Freeports as a means to boost trade, jobs and investment across areas
4th March 2021
Following the UK’s departure from the EU, the government intend to establish new Freeports as a means to boost trade, jobs and investment across areas
This is a new tax which will apply to UK manufacturers of plastic packaging, importers of plastic packaging, business customers of manufacturers and importers of
The current Income Tax and National Insurance contributions exemption for employer reimbursed expenses that cover the cost of relevant home-office equipment has been extended to
The personal allowance will rise to £12,570 for 2021/2022 and the higher rate threshold will rise to £50,270. After that, both thresholds will remain frozen
A temporary increase to capital allowances available to companies investing new plant and machinery on or after 1 April 2021 up to and including 31
From April 2023, the main rate of UK Corporation Tax will increase from 19% to 25% on profits of more than £250,000. The main rate of corporation tax for small profits of less than £50,000 will remain at 19%. There will also be marginal relief for limited companies with profits between £50,000 and £250,000, so that they pay less than the main rate of 25%.
A temporary extension to the loss carry back rules for trading losses for both companies and unincorporated businesses was announced. For accounting periods ending between
To encourage and support people getting onto the property ladder. The government will guarantee lenders who offer mortgages to people with a deposit of 5%
The current SDLT holiday on residential property with a value up to £500,000 was set to end on 31 March, but has been extended to
The Bounce Back Loans and CBILS program are coming to an end. A new Recovery Loan Scheme will take their place from April. Businesses of
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