Budget 2021: Implications for small businesses

The furlough scheme is extended to September 2021 across the UK. So, limited company directors will still be able to claim if they remain adversely affected by coronavirus at 80% of the current salary for hours not worked, until July.

In July, the government will introduce an employer contribution towards the cost of unworked hours of 10% in July, 20% in August and 20% in September, as the economy reopens.

The Chancellor announced an extension of the UK-wide Self Employment Income Support scheme to September 2021, with 600,000 more people able to claim for the first time.