The Official Budget 2021 thread

[Whorty]

Sure, you could take the entire amount in salary if you wanted.

You don't need to. Just drop £40k into your private pension. That will build a nice warchest for you over time.

[AtW]

Semi-official info -

https://www.gov.uk/government/collec...ated-documents

[BigLadFromBeeston666]

Official Budget documents here: https://www.gov.uk/government/public...2021-documents

[tulipbulbsfromamsterdam]

Official Budget documents here: https://www.gov.uk/government/public...2021-documents

can't see how they will taper corporation tax but it does mention a "gradual increase"

[jamesbrown]

You don't need to. Just drop £40k into your private pension. That will build a nice warchest for you over time.

Sure, I will be doing that, but £40k is £40k and, corner shops aside, we really are pretty tiny businesses. The old small profits rate was up to £300k, as I recall.

The Tories are basically indistinguishable from Labour now, even John McDonnell's Labour. CT at 25%, British Investment Bank etc., all Korbyn policies. The only difference is with housing policy where John McDonnell's Labour would be infinitely better.

[tulipbulbsfromamsterdam]

Good on Keir, no tax should be rising now

[ChimpMaster]

No change to CGT or BADR / ER unless I've missed it.

Still glad I MVL'd quick time anyway!

[jamesbrown]

No change to CGT or BADR / ER unless I've missed it.

Still glad I MVL'd quick time anyway!

Later this year, next April at the latest

[AtW]

Rishi is expecting to raise 17 bln from extra corp tax in 2026 - Labour Govt will be very grateful

[Paddy]

Corp Tax @ 25%