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More has been disclosed or leaked, of the 2021 Budget announcements than in previous years. But we now have the details and there is a lot to consider. The following 2021 Budget summary is split into four sections:COVID-19 related support measures for UK businesses
Support for the UK housing market
The Treasury has advised banks that provide Bounce Back Loans to offer a more flexible approach regarding repayments, called Pay as You Grow, which is good news for small businesses.Pay As You Grow (PAYG)The new Pay As You Grow rules offer the following concessions:To extend the length of bounce back loans from six years...
If you cannot pay your tax bill then you can set up a tax payment plan with HMRC if you owe Self Assessment tax. If your bill is less than £30,000 you may be able to pay in monthly instalments. If you pay a tax bill late you must pay interest on the amount you owe...