budget 2021

Your 2021 Budget summary from TaxCalc

budget 2021Here are some key takeouts from Chancellor Rishi Sunak’s economic plan to help the UK’s recovery from the COVID pandemic:

For businesses and employers

·         An extension of the Coronavirus Job Retention Support Scheme (CJRS) to September 2021 across the UK. The scheme will remain unchanged until July when the government will ask businesses to provide a 10% contribution to employees’ pay, which will rise to 20% in August and September.

·         Small and medium-sized employers in the UK will continue to be able to reclaim up to two weeks of eligible Statutory Sick Pay (SSP) costs per employee from the Government.

·         An extension of the UK-wide Self Employment Income Support scheme (SEISS) to September 2021. This will include a fourth grant for three months support at 80% of average profits, continuing