Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
03 March 2021
Budget 2021: Construction and Property IncentivesDescribed by the Chancellor as “the biggest business tax cut in modern British history”, a super deduction was announced in the Budget allowing companies to cut their tax bill by up to 25p for every £1 they invest in qualifying plant and machinery. This is a positive move from the Government which will position the UK’s Capital Allowances regime as one of the most competitive in the world. Business rates relief for eligible retail, hospitality and leisure properties in England will also continue.
02 March 2021
Chancellor faces tough decisions if optimism is to spring from March BudgetOn March 3, the Chancellor will map out the next phase of the UK Government’s COVID-19 recovery strategy in his Spring Budget - the question is: which areas will be used to plug the huge spending gap the pandemic created or will he choose to invest further to stimulate growth and put tax rises on hold? And how will it affect the local economy in the North East?
02 March 2021
Hope for Dundee as innovation likely to figure high in Rishi’s recovery plansAfter spending £280bn on the government’s response to the pandemic and pledging a further £55bn this year there is no doubt that Rishi Sunak will be looking to plug the funding gap. Dominating the headlines has been the introduction of levies or taxes that will target the industries that have done well out of COVID-19, such as online retailers and the supermarkets.
26 February 2021
A critical Budget balancing act is required from Rishi SunakIt will go down as one of the most well-worn clichés of recent times but the last year really has been unlike any other that we have ever experienced. With that in mind, you have to feel a certain level of sympathy for Chancellor of the Exchequer, Rishi Sunak, who is currently preparing his first budget in 12 months.
28 January 2021
Draft Scottish Budget 2021-22: Rollout, Recovery and ReopeningScottish Finance Secretary, Kate Forbes, delivered a Scottish Budget announcement with a focus on building “a fairer, stronger and greener country.”
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