News

Budget 2020 – The Headlines

12/03/2020

Just four weeks into his new role of Chancellor of the Exchequer, Rishi Sunak delivered the budget on 11 March 2020. As expected, the first topic the Chancellor addressed was the coronavirus outbreak, so many are worried about. After announcing fiscal stimulus, sick pay, the NHS and assistance for small businesses – the Chancellor then moved on to other key issues including welfare, borrowing and the environment.

We’ve highlighted the main points from the budget below.

The Public Finances

Coronavirus and Public Services

Environment and Energy

Business Taxes

Capital Allowances

Research & Development

VAT

Personal Tax

Making Tax Digital

Other

If you have any questions about how the budget will affect your personal or business taxes, don’t hesitate to contact us.

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