This is a summary of the announcements on tax and related matters. It has been prepared by the ICAEW Tax Faculty team, with an overview by Frank Haskew, and edited by Caroline Miskin and Lindsey Wicks.
All the government announcements and publications can be found on the gov.uk Autumn Budget and Spending Review 2021 page. There is also a page with links to all the tax-related documents and announcements.
The main Budget documents are the Red Book, which summarises the Budget announcements and policy decisions, and the Overview of Tax Legislation and Rates (OOTLAR), which sets out details of each policy announcement.
ICAEW brings together its expert commentary on all aspects of the Budget at icaew.com/budget.
Finance Bill 2020-21 will be published on 4 November 2021.
Overview from Frank Haskew
An awesome performance, but few tax measures
ICAEW's Head of Tax on the Budget, which despite announcements on business rates, R&D tax relief and a promise of future tax cuts, provided more political spectacle than detailed tax policy.
Summary by tax
ICAEW Know-How from the Tax Faculty
This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.
The Tax Faculty team and volunteers reflected on the Chancellor's announcements in this essential webinar recorded on 2 November. Watch the recording to hear the discussion and find out what the Autumn Budget 2021 could mean for you and your clients.