What should advisers expect from the 2021 Budget? professionaladviser.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from professionaladviser.com Daily Mail and Mail on Sunday newspapers.
| UPDATED: 13:06, Fri, Feb 12, 2021
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Chancellor Rishi Sunak is said to be considering a wide range of tax reforms and increases amid the ongoing pandemic and subsequent recession. Ahead of his Budget announcement in March, tax rises are reportedly around the corner, with the self-employed seemingly likely to bear some of the burden. But there are also a number of wealth taxes that could be hiked, according to experts, who warned inheritance tax reforms could lead to bills on gifts. As Yahoo Finance claimed last month, the Potentially Exempt Transfer (PET) regime is set for review
SEISS are trading income and CJRS claims for January, an issue with the CJRS calculator, confirmation of income tax personal allowance and van and fuel benefits, links to the OTS online survey on use of third-party data and confirmation that EU member states are to adopt detached worker rules.
| UPDATED: 17:25, Wed, Feb 10, 2021
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Rishi Sunak has repeatedly stated he would do whatever it takes to keep the economy afloat in the face of coronavirus impacts. According to the ONS, this sentiment could end up resulting in public spending ballooning to £393.5billion by the end of March.