The key personal announcements made on 3 March 2021.
Spring Budget 2021: Personal
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Government Announcements
HMRC launches VAT deferral new payment scheme
Firms can pay equal consecutive monthly instalments from March 2021.
HMRC waives 5% late payment penalty
Payments should be made by 1 April 2021 to avoid fine.
Treasury delays business rates review
Report pushed back due to pandemic uncertainty.
HMRC confirms 12-month ‘soft landing’ for IR35
New reforms to go ahead as planned on 6 April.
Govt. unveils £20m SME Brexit support fund
The grants are worth up to £2,000.
Firms get more time to repay bounce-back loans
Repayments can be spread over ten years, rather than six.
Govt. announces £1,000 cash boost to help firms take on trainees
The cash boost will be made available from 31 July 2021.
HMRC waives penalties for late-filed tax returns
Fines to kick in after 28 February 2021.
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