Frontier Fiscal Services-Budget Report November 2021
October 28, 2021by Frontier Group
The Chancellor Rishi Sunak presented his third 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.
The report can be found here
Main Budget proposals
Tax measures include:
- 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
- individuals disposing of UK property on or after 27 October 2021
now have a 60 day CGT reporting and payment deadline, following
- the retention of the £1 million annual investment allowance until
31 March 2023
- a new temporary business rates relief in England for eligible
retail, hospitality and leisure properties for 2022/23
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