The top announcements affecting businesses from 27 October 2021.
Autumn Budget 2021: key business announcements
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Business Tax
MTD will cost SMEs £25bn, says FSB
SME organisation calls for MTD reforms.
R&D spending hits £47.5bn in 2019/20
Expenditure on R&D as percentage of GDP trails behind target.
Calls resurface to abolish business rates
Opposition would increase digital services tax to fund the move.
Business rates threaten 4 out of 5 retailers with closure
Calls for rates reform ahead of Government review.
Call to scrap proposed basis period reform
Reform could create as many problems as it solves.
Fresh concerns over capital gains tax rise
A tax hike could generate £14bn a year.
Monthly borrowing figures start to climb down
Borrowing in June 2021 was the second highest on record.
Simplified tax reporting for self-employed announced
A fifth of self-employed people will face extra one-off costs.
National Food Strategy calls for £3bn salt and sugar tax
It could cost households up to £172 a year.
Government borrowing eases in May
Tax receipts were £1.7bn higher than predicted.
R&D tax credit scheme a ‘costly failure’, says report
Companies invest less than before the policy’s introduction.
Working-from-home tax relief available for 2021/22
More than 550,000 workers have already claimed.
Super-deduction prompts 1 in 4 companies to invest
Incentive to provide ‘short-term boost’ for manufacturers.
Tax bodies call for Scottish tax overhaul
A new minister role is a top recommendation.
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