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Spring Budget

An overview of the Chancellor's announcements.

The main headlines.

Pension changes and coronavirus support.

The new income tax rates / personal allowances.

Changes to National Insurance, employer provided cars and the Employment Allowance.

The new rates of NICs.

The latest increases.

Measures affecting vehicle-related tax and benefits.

Changes to corporation tax and other measures for business.

Including changes to Entrepreneurs' Relief.

A round-up of miscellaneous announcements.

Changes to alcohol and tobacco duties.

Reaction to the Chancellor's statement.

Tweets by @SheardsAccts

10 Jul 2020

HMRC scraps benefit-in-kind charge on coronavirus tests

The government has scrapped plans to get workers to pay income tax on coronavirus (COVID-19) testing kits purchased by their employer.