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Spring Budget

An overview of the Chancellor's announcements.

  1. Resources
  2. Tax information

Download the Spring Budget 2020 (pdf)

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.

Latest business news

03 Jun 2020

Women 'more likely to be on low pay', TUC research suggests

Research carried out by the Trades Union Congress (TUC) has suggested that women are more likely than men to be on low pay.
03 Jun 2020

Over £31 billion borrowed through coronavirus schemes

Over £31 billion has been borrowed through the government-backed schemes that are providing business support during the coronavirus (COVID-19) crisis, according to the latest figures from the Treasury.
02 Jun 2020

Manufacturers call for coronavirus support

The coronavirus crisis has left many manufacturers on a cliff edge and in need of government intervention, Make UK has warned.

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