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2021 Budget: Income Tax, Employment and Share Schemes | FTI Consulting

To embed, copy and paste the code into your website or blog: Despite the many and much publicised rumours, the Government did not announce any changes to capital gains tax or pensions tax relief. The other measures in the Budget confirm what has previously been announced, including that income tax rates and allowances will be frozen after the upcoming tax year. Of most importance to employers impacted by COVID-19 will be the extension of the Coronavirus Job Retention Scheme to 30 September 2021. Key COVID-19 related measures Extension of the Coronavirus Job Retention Scheme (“CJRS”) The Government confirmed that the CJRS will be extended until 30 September 2021. This means that employers will continue to be able to claim grants to cover wages (but not employer NICs or pension costs) for employees who are furloughed (whether on a full or part time basis). The key details are:

HMRC encourages families in Scotland to sign up for Tax-Free Childcare accounts

HMRC encourages families in Scotland to sign up for Tax-Free Childcare accounts and earn £500 top-up Tax-Free Childcare allows parents or carers to receive a 20% UK Government top-up on any money deposited. Updated The video will auto-play soon8Cancel Play now Get the latest on money saving tips and benefit changes straight to your inbox each week with our Record Money newsletter.Invalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time.

Why we may not be dancing in nightclubs quite as soon as we think

Why we may not be dancing in nightclubs quite as soon as we think After 15 months of closure, the return of nightclubs holds the key to our summer of fun . Then why are club owners being left in the dark? The Ministry of Sound is planning to reopen on June 25th Credit: Ministry of Sound Where will you be when the clubs reopen? On June 21, all jabbed up and with somewhere to actually go, nightclubs have been designated as the sites at which the starting pistol is jubilantly fired on a predicted ‘third Summer of Love’. Merry summer, Covid is over, let’s party like it’s 1999. Or, even, 2019.

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