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A date for the diary. On Wednesday 3rd March, Chancellor of the Exchequer, Rishi Sunak will be delivering Budget 2021. At its core will be measures to support the recovery from COVID-19.
HM Treasury are trailing “The Budget will set out the next phase of the plan to tackle the virus and protect jobs…”. In addition, the eligibility criteria for the fourth tranche of the Self-Employment Income Support Scheme grant will be announced.
It is no exaggeration to say that this will be the most important Budget in recent times. There are key dates around the corner:
Will there be much-needed support for those that have fallen through the cracks of the Self-Employment Income Support Scheme? Will the Furlough Scheme be extended into the summer? When does the VAT deferral instalment payment scheme go live? Are 2020-21 Business Rates to be scrapped for the retail, hospitality and leisure sectors? Will there be further extensions to existing policies? Is this the time for tax increases?
All these questions and more will be answered on Wednesday 3rd March.
As in previous years, CooperFaure will be providing a live Twitter feed as Rishi Sunak speaks in the House of Commons followed by a digest of the key announcements and a detailed review. Make date to join us on Wednesday 3rd March for Budget 2021.
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