KEY Highlights:

•  a super-deduction for companies investing in new plant and machinery
• a time extension of the temporary increase to the SDLT nil rate band for residential property in England and Northern Ireland
• an extension to the temporary 5% reduced rate of VAT for certain supplies
•  a temporary increase in the carry-back period for business losses
• an increased rate of corporation tax from 2023 
• a new mortgage guarantee scheme
• a Self-Employment Income Support Scheme fourth and fifth grant.  600,000 more self-employed people will be eligible for help as access to grants is widened
• an extension to the business rates holiday in England
•  Personal allowance will increase by CPI (0.5%) for 2021/22 to £12,570.   Personal allowance will be frozen at £12,570 for the tax years 2022/23 to 2025/26. 
•  2021/22 basic rate (20%) band will be £37,700, 40% band threshold will be £50,270.
  Individuals pay tax at 45% on their income over £150,000. 
•  The first £2,000 of dividends is chargeable to tax at 0% (the Dividend Allowance). Dividends received above the allowance are taxed at  7.5% for basic rate taxpayers, 32.5% for higher rate taxpayers and 38.1% for additional rate taxpayers 
•  The Coronavirus Job Retention Scheme (CJRS) / Furlough  extended to 30 September 2021 with Government continuing to pay 80% of employee’s wages for hours not worked.  Employers to contribute 10% in July and 20% in August and September
• Support for the self-employed also to be extended until September
• £20 weekly uplift in Universal Credit worth £1,000 a year to be extended for another six months
• Working Tax Credit claimants will get £500 one-off payment
• Minimum wage to increase to £8.91 an hour from April

 Some Budget proposals may be subject to amendment in the 2021 Finance Act.  For more information:????????  https://www.gov.uk/government/topical-events/budget-2021