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Spring Budget

An overview of the Chancellor's announcements.

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

MPs urge Chancellor to extend job retention scheme

MPs have urged Chancellor Rishi Sunak to extend the Coronavirus Job Retention Scheme (CJRS) to help avoid mass redundancies.

FCA confirms support for mortgage borrowers

The Financial Conduct Authority (FCA) has confirmed future support for mortgage borrowers if they continue to face payment difficulties due to the coronavirus (COVID-19).

HMRC urges VAT-registered businesses to prepare for Brexit trading changes

HMRC has written to VAT-registered businesses that trade with the EU outlining how they should prepare for Brexit trading changes set to take effect from 2021.

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