Our summary focuses on the tax measures which may affect you, your family and your business and can be downloaded here.
Main Budget tax proposals
Our summary concentrates on the tax measures
• a reduction in the Entrepreneurs’ Relief lifetime
• an increase in the Employment Allowance
• an increase in the rate of Structures and
• an increase in the Research and Development
Other measures include:
• an increase and extension of business rates
• extended access to Statutory Sick Pay due to
Previously announced measures include:
• the increase to the National Insurance
• the introduction of off-payroll working for the
• changes to Principal Residence Relief.
Some Budget proposals may be subject to
amendment in the 2020 Autumn Budget and
subsequent Finance Act. You should contact us
before taking any action as a result of the contents
of this summary.