View our 2021 Autumn Budget Report

28 Oct 2021

Chancellor Rishi Sunak delivered his 2021 Autumn Budget speech yesterday, outlining a range of changes, including reforms to the business rates system in England and a cut to the Universal Credit taper rate from 63p to 55p.

Mr Sunak also announced significant changes to fuel duty and alcohol duties: fuel duty will be frozen at 57.95p per litre for 2022/23, and drinks will be taxed in proportion to their alcohol content.

Meanwhile, public research and development (R&D) investment will increase to a record level of £20 billion by 2024/25. Combined with R&D tax reliefs, total government R&D support as a proportion of GDP is predicted to increase from 0.7% in 2018 to 1.1% in 2024/25.

Further details regarding the announcements made by the Chancellor feature in the official press releases. Our comprehensive Budget Summary outlines the key measures, including some of the less-publicised changes that may impact upon your business or personal finances.

For a detailed overview of the 2021 Autumn Budget information, please read our 2021 Autumn Budget Summary.


Logon | Accessibility | Disclaimer | Privacy Notice | Help | Site map |

© 2024 DNT Chartered Accountants. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Place of registration: Ormeau House, 91-97 Ormeau Road, Belfast, BT7 1SH. Tel: 028 90 32 00 39, Fax: 028 90 24 30 67, Email: info@dntca.com - NI056589

<