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The Chancellor Rishi Sunak presented his third Budget on 27 October 2021. In his speech he set out the plans to “build back better” with ambitions to level up and reduce regional inequality.

Businesses are now able to apply for loans to support their business under the Recovery Loan Scheme. 

Under the PAYE regulations it is a requirement to submit form P11D for any director or employee of a business who has been provided with a benefit or to whom expenses have been reimbursed.

Our Budget Summary provides an overview of the key announcements arising from the Chancellor’s speech. It also looks beyond the headlines and offers details on the less-publicised changes that are most likely to have an impact upon your business and your personal finances

An overview of the VAT deferral scheme, what to do if you have payments to make and the new payment scheme available.

An update on the changes to the Job Support Scheme (JSS) outlining key points and changes to previous set out rules.