As you are no doubt aware the government's Autumn Budget was on 27 October this year. Unfortunately the headline grabbing reduction in Business Rates only applies to England. Here in Northern Ireland, we'll have to wait to see what our friends in Stormont choose to do! Below is a link to our downloadable PDF Summary…
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Autumn Budget 2021 Summary
As with the Spring Budget 2021, much of the detail for the Autumn Budget had been leaked to the press prior to the official report to parliament, 27th October 2021. But we now have all the details and, as usual, there is much to consider. The following Budget summary is split into two sections: Taxation…
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Time to tighten the belt ?
Later this week (27 October 2021) Rishi Sunak will present his second budget during 2021. It is likely that reduced public expenditure and higher taxation will be features of this budget as the Treasury seeks to limit any further rise in government borrowings. The Chancellor will also have in mind increases in inflation and the…
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New global tax system
To tax multinational companies on business transactions completed in the UK, our government introduced the Digital Services Tax (DST) April 2020. The US response was to threaten to levy tariffs. However, a compromise has been reached that will see the introduction of a global system that will ensure multinationals do pay their fair share of…
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