Employment Status & IR35 expert Re Legal Consulting Ltd
Columnist
In association with
Share this content

Budget 2021: Implications for small businesses

Small business received good news in the Budget with the extension of CJRS and SEISS, but many people are still left out of these schemes. Off-payroll working will come into effect as planned in the private sector.

4th Mar 2021
Employment Status & IR35 expert Re Legal Consulting Ltd
Columnist
In association with
Share this content
The Chancellor leaving No.11 to deliver the budget
Flickr_HMTreasury

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.

Register for free to continue reading

It’s 100% free and provides unlimited access to the latest accounting news, advice and insight every day. As well as access to this exclusive article, you can:

Tick iconView all AccountingWEB content
Tick iconComment on articles
Tick iconWatch our digital shows and more

Access content now

Already have an account?

Replies (1)

Please login or register to join the discussion.

avatar
By petestar1969
08th Mar 2021 12:23

Hmm, "full" CT rate of 25%?

The marginal rate will be 26.5%.....

Thanks (0)