Autumn Budget Summary 2021
Our summary of the Chancellor’s 2021 Autumn Budget is now available on our website.
Click here to read our Budget Summary.
Rishi Sunak delivered the 2021 Autumn Budget amid much speculation of further tax rises in the areas of capital gains tax and inheritance tax. The Budget has been remarkable for its absences of either. Also, many announcements in respect of spending plans had already been released.
The headline news for Northern Ireland is £1.6 billion per year extra cash over 3 years, Universal Credit taper rate to be cut by 8%, continued and enhanced funding for Research and Development and £49 million as part of the levelling up fund for specific projects such as upgrading the electric vehicle charging networks across the country.
Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s speech. However, it also looks beyond the headlines and offers details on the less-publicised changes that are most likely to have an impact upon your business and your personal finances.
We also provide analysis throughout the summary to help you assess the effect that the proposed changes may have on you personally.
Get in touch with your client manager or our dedicated Tax team if you have any queries or if you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s Budget speech.
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Whilst every effort has been made by CavanaghKelly to ensure the accuracy of the information here, it cannot be guaranteed and neither CavanaghKelly nor any related entity shall have liability to any person who relies on the information herein. Information given here is for guidance only. Detailed professional advice should be taken before acting on any information contained herein. If having read the guidance here, you would like to discuss further; a member of our team would be pleased to help you.