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In Guidance and regulation
About Budget 2021
  • A new 130% first-year capital allowance for qualifying plant and machinery assets; and a 50% first-year allowance for qualifying special rate assets.

  • The Recovery Loan Scheme supports access to finance for small and medium sized UK businesses, so they can grow and invest.

  • The government will maintain the income tax Personal Allowance and higher rate threshold and National Insurance contributions Upper Earnings Limit and Upper Profits Limit at their 2021-2022 levels up to and including 2025-20…

  • Corporate tax rates and small profits thresholds from 2023.

  • A list of the 45 towns who have been allocated funding as part of the Towns Fund.

  • The Terms of Reference were published at Budget 2021.