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CIMA

Spring Budget

A concise summary of the tax and non-tax measures announced in the Spring Budget.

  1. News

Introduction

The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020.

Personal Tax

Highlighting income tax, savings and reliefs.

Business Tax

Highlighting corporation tax, R & D, business rates and SSP.

Employment Taxes

Highlighting National Insurance, off-payroll working and the Employment Allowance.

Capital Taxes

Highlighting capital gains tax and Entrepreneurs' Relief changes.

Other Matters

Highlighting various matters, including VAT and insolvency changes.

Latest business news

Chancellor announces changes to Job Retention Scheme

Chancellor Rishi Sunak has announced changes to the government''s Coronavirus Job Retention Scheme (JRS).

08 Jun 2020

COVID-19: delay to VAT reverse charge on construction services

On 5 June 2020, HMRC announced a five-month delay to the introduction of the domestic VAT reverse charge for construction services.

08 Jun 2020

Loan size increased to £200 million under large business interruption scheme

Several changes to the CLBILS scheme have taken effect from 26 May.

08 Jun 2020

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