Budget puts short-term business concerns to rest
4 March 2021: Business fears about a sudden end to support and across-the-board tax rises were largely unfounded, but businesses stand to lose out in the longer-term. Business concerns about a sudden end to coronavirus support and sweeping tax rises have been alleviated by the Chancellor’s Budget speech. Instead, the Chancellor announced a potentially game-changing measure to encourage business investment that could reshape the British economy. This will also play a part in counteracting the 25% Corporation Tax increase, which is set to come in in 2023. In addition, the te...
Source: icaew.com