The main highlights are:

• No changes to income tax rates and allowances and NI
• No change to VAT
• No changes to pension contributions limits
• Restriction in Entrepreneurs Relief which will affect people selling or liquidating their businesses for more than £1m
• Restriction in Principal Private Residence Relief and Lettings Relief which will affect a small minority of people selling their former main residence
• Increase in the Employment Allowance from £3,000 to £4,000
• Additional rates relief for small retail businesses to help with the fallout from COVID-19
• Statutory Sick Pay relief for small businesses to help with the fallout from COVID-19

If you have any questions, please get in touch using the ‘Contact Us’ Form on our website or email enquiries@acornbusinessconsultancy.co.uk or better yet, it’s good to talk on +44(0)203 070 3868.