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Spring Budget

An overview of the Chancellor's announcements.

  1. Resources
  2. Tax information

Sunak delivers Budget to meet 'challenging times'

The main headlines.

Personal tax

Pension changes and coronavirus support.

Income tax and personal savings

The new income tax rates / personal allowances.

Employment taxes

Changes to National Insurance, employer provided cars and the Employment Allowance.

National insurance

The new rates of NICs.

Minimum wage

The latest increases.

Tax and Travel

Measures affecting vehicle-related tax and benefits.

Business tax

Changes to corporation tax and other measures for business.

Capital taxes

Including changes to Entrepreneurs' Relief.

Other matters

A round-up of miscellaneous announcements.

Duties

Changes to alcohol and tobacco duties.

What they said

Reaction to the Chancellor's statement.

The latest news

03 Apr

Majority of UK firms have less than three months' cash reserves

A significant number of UK firms face the prospect of running out of cash within three months, according to a survey carried out by the British Chambers of Commerce (BCC).

03 Apr

Major UK banks will pay no dividends or bonuses this year

The seven largest banks in the UK have agreed to the proposal put forward by the Prudential Regulation Authority (PRA) that they suspend dividends and bonuses until the end of 2020.

02 Apr

Government publishes details on coronavirus grant schemes for small businesses

The government has published details on the COVID-19 support schemes for small businesses and retailers.