It has recently been reported by HM Treasury that the Autumn Budget scheduled for November this year has been cancelled due to the prolonged restrictions caused by the coronavirus pandemic.
This means that it is highly likely that any tax changes that might have been introduced to ease the financial burden of the coronavirus support packages will now be delayed until a potential March 2021 Budget.
This means the current personal tax allowances* and reliefs are likely to remain unchanged until next year (at the earliest). Please get in touch to take advantage of this.
Further information on the current allowances can be viewed in the documents below. There are two versions one of which is specifically for Scottish clients.
If you would like to discuss any aspect of the cancellation of the Autumn Budget with our financial adviser please get in touch: