February 2021

Welcome to the February 2021 issue of our newsletter.

Welcome to the February 2021 issue of our newsletter

The Bank of England monetary policy committee recently stated that GDP is projected to recover rapidly towards pre-Covid levels over the year, as the vaccination programme is assumed to lead to an easing of Covid-related restrictions and people’s health concerns, although this depends on the evolution of the pandemic, measures taken to protect public health, and how households, businesses and financial markets respond to these developments.

The Budget – don’t miss our immediate summary

In the Budget on Wednesday 3 March 2021, the Chancellor, Rishi Sunak, will set out the next phase of the plan to tackle the pandemic.

Although we will not be able to host our usual event, Debbie Franklin, Director of Tax, will be providing our immediate summary in video format. It will focus on the tax measures and announcements which may affect you, your family and your business. We will also provide a written summary with useful tips.

For now, there are important business updates, tax saving tips and much more below.

Please contact us if you need further assistance. We are here to support you.

Major Change for Construction - New VAT rules are due to come into effect this March which will impact on accounting for VAT for transactions in the construction sector
Year End Tax Planning
Essential Employer Update 2021
NEST Pension Alert
Brexit News
COVID-19 Government Supports News