Spring Budget Summary 2020

This Summary covers the key tax changes announced in the Chancellor’s speech on 11 March. It includes tables of the main rates and allowances as well as a calendar of the tax year with important deadline dates.

Contents also include:

  • Measures to mitigate the impact of the Coronavirus
  • Personal Income Tax
  • Employees
  • National Insurance Contributions
  • Savings and Pensions
  • Capital Gains Tax
  • Inheritance Tax
  • Business Tax
  • Value Added Tax
  • Property
  • Stamp Duty Land Tax
  • Tax Administration

We recommend that you review your financial plans regularly as some aspects of the Budget will not be implemented until later dates.

We will be happy to help you adapt and reassess your plans in light of any legislative changes. Please contact Stuart Noakes, Head of Tax Services, on 01903 234904.