skip to Main Content
Maynard Johns
Call us on: 01237 472071
  • Home
  • About
    • About Maynard Johns
    • Our Team
    • Testimonials
    • Job Vacancies
  • Services
    • Cloud Accounting
      • Xero Cloud Accounting Software
      • Xero Set Up and Training
      • Xero Accountant
      • Sage accounting
      • Quickbooks accounting
    • Fixed Fee Accounting Packages
      • Fixed Fee Accounting for Making Tax Digital
      • Fixed Fee Accountants Package for Year End
    • Help Starting A Business
    • Business Advice & Planning
    • Furnished Holiday Let advice
    • Tax Planning & Advice
    • Payroll & CIS
    • FREE Business Advice Service ( BAS) – ICAEW
    • Research and Development Tax Credit
    • 60 Day Capital Gains Tax Online
    • Training and workshops
  • Sectors
    • Agricultural accountants
    • Accounting for Tourism and Hospitality
    • Buy-to-let and Second Home Tax Advice
    • Furnished Holiday Lets
      • Furnished Holiday Lets post Covid 19
    • Property Development
    • Retail Accounting
    • Building Trades and Construction
    • Motor Trade Accountants
    • Care Home Accountants
    • Professional & Service Industries
    • Financial Advisors
  • Making Tax Digital
    • What is Making Tax Digital?
    • Getting ready for Making Tax Digital
    • Fixed Price Accounting Package for Making Tax Digital
  • News
  • Useful Info
    • Spring Statement 2022
    • Payroll News for 2022 from Maynard Johns
    • Autumn 2021 Budget
    • COVID-19 – Keeping you safe
    • Temporary Changes to VAT Rates
    • Support for Business – Coronavirus
    • Why find a chartered accountant?
    • What does your accountant need from you at the year end?
    • Capital Gains Tax on UK Property – How to report to HMRC
    • What is a P11D
    • P11D expenses and benefits
    • Client Portals
    • Useful links & downloads
  • Contact
  • Maynard Collective
    • Cloud and Digital Solutions
    • Online Marketing Solutions
  • Search
Menu

Autumn 2021 Budget

Home » Autumn 2021 Budget
2021 Budget Summary Text On Wooden Blocks

The Autumn 2021 Budget – key points at a glance:

Chancellor Rishi Sunak presented his Autumn 2021 Budget on 27 October 2021. In his speech, he set out the plans to “build back better” with ambitions to level up and reduce regional inequality.

We have laid out the main proposals below but if you would like a full report please download it from the link at the bottom of the page.

Main Autumn Budget proposals

Tax measures include:

  • a new temporary business rates relief in England for eligible retail, hospitality and leisure properties for 2022/23
  • a change in the earliest age from which most pension savers can access their pension savings without incurring a tax charge. From April 2028 this will rise to 57
  • the retention of the £1 million annual investment allowance until 31 March 2023
  • individuals disposing of UK property on or after 27 October 2021 now have a 60 day CGT reporting and payment deadline, following the completion of the disposal.

Other measures include:

  • a complete overhaul of alcohol duties that will see drinks taxed on their strength
  • the cancellation of the previously announced rise in fuel duties
  • pubs supported with a reduction in draught beer and cider duty
  • increases in the National Living Wage and the National Minimum Wage rates
  • an ultra-long-haul band of air passenger duty introduced

Some Budget proposals may be subject to amendment in the Finance Bill 2021-22.

Full budget report

For full details of the Autumn 2021 budget download our Budget Report which includes full details on:

  • Personal Tax
  • Employment
  • Business
  • Capital Taxes
  • Other matters
  • Rates and Allowances

Should you need any further help or support or wish to discuss how these measures affect you and your business, do get in contact with us.

Download the full budget report

Share This

  • Twitter
  • Facebook
  • Pinterest
  • LinkedIn
  • previous post: The Let property campaign – what you need to know
  • next post: VAT on electric cars – can it be reclaimed by a business?

Cloud accounting software
North Devon based fully qualified Chartered Accountants that are approachable and friendly. We support you with bespoke solutions to all of your accountancy needs.

Website maintained by Seahorse Creative Ltd

Recent News
  • HMRC starts to assess overclaimed SEISS grants
  • Financial advice when buying a holiday home in the UK
  • Do you need to submit a P11D
  • Making Tax Digital software vs spreadsheets
  • Spring Statement 2022
Company Details

Jane Maynard Limited
Incorporated In England & Wales
No. 4796045

Registered Office:
37 Mill Street
Bideford
EX39 2JJ

Member of the Institute of Chartered Accountants
Contact us

Phone: 01237 472071
Fax: 01237 421177
Email: [email protected]
GDPR: Privacy Policy

Follow Us
  • Facebook
  • Twitter
  • LinkedIn
Business Advisory Service
North Devon Website Design by Really Different
  • Maynard Johns Chartered Accountants Devon
Back To Top
    Cookies To make this site work properly, we sometimes place small data files called cookies on your device. Most big websites do this too.
    Accept
    Cookies Settings
    Cookie Box Settings
    Cookie Box Settings

    Privacy settings

    Decide which cookies you want to allow. You can change these settings at any time. However, this can result in some functions no longer being available. For information on deleting the cookies, please consult your browser’s help function. Learn more about the cookies we use.

    With the slider, you can enable or disable different types of cookies:

    • Block all
    • Essential
    • Functionality
    • Analytics
    • Advertising

    This website will

    • Essential: Remember your cookie permission setting
    • Essential: Allow session cookies
    • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
    • Essential: Keep track of what you input in a shopping cart
    • Essential: Authenticate that you are logged into your user account
    • Essential: Remember language version you selected

    This website won't

    • Remember your login details
    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country
    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions
    • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
    • Advertising: Gather personally identifiable information such as name and location

    This website will

    • Essential: Remember your cookie permission setting
    • Essential: Allow session cookies
    • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
    • Essential: Keep track of what you input in a shopping cart
    • Essential: Authenticate that you are logged into your user account
    • Essential: Remember language version you selected
    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country

    This website won't

    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions
    • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
    • Advertising: Gather personally identifiable information such as name and location

    This website will

    • Essential: Remember your cookie permission setting
    • Essential: Allow session cookies
    • Essential: Gather information you input into a contact forms newsletter and other forms across all pages
    • Essential: Keep track of what you input in a shopping cart
    • Essential: Authenticate that you are logged into your user account
    • Essential: Remember language version you selected
    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country
    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions

    This website won't

    • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
    • Advertising: Gather personally identifiable information such as name and location

    This website will

    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country
    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions
    • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies)
    • Advertising: Gather personally identifiable information such as name and location

    This website won't

    • Remember your login details
    Save & Close