Insight News Diary

Budget 2021: Dates for your diary


Rishi Sunak delivered a largely surprise-free Budget on Wednesday, with extensions to employment support schemes, the Universal Credit uplift and Stamp Duty holiday confirmed alongside a personal allowance freeze and the anticipated increase to Corporation Tax. 

Ahead of the Budget vote on Tuesday and the introduction of the Finance Bill later in the week, we round up the key Budget announcements and other fiscal events to look out for over the coming months and beyond. 



  • Super-deduction for businesses investing in plant and machinery comes into effect, offering a first-year capital allowance of 130% (April 1). 
  • Temporary increase in Working Tax Credit ends (April 5). 
  • Personal allowance and higher rate tax thresholds rise to £12,570 and £50,570 respectively before being frozen until April 2026 (April 6). 
  • Recovery Loan Scheme opens, providing guarantees to lenders on loans of between £25,000 and £10 million (April 6).  
  • Target date for re-opening of non-essential retail, personal care premises, leisure facilities, outdoor hospitality, outdoor attractions, and self-contained accommodation (April 12). 
  • One-off £500 payment for Working Tax Credit recipients to be paid (by April 23). 
  • New mortgage guarantee scheme opens, offering prospective homeowners the chance to buy a house worth up to £600,000 with a deposit of just 5%. 
  • Restart Grants are available, with up to £6,000 per premises for non-essential retail firms and up to £18,000 per premises for hospitality, accommodation, leisure, personal care and gym businesses. 
  • Fuel and alcohol duty remain frozen for the next year. 



  • Government’s target date for full re-opening of the economy (June 21). 
  • Deadline for businesses that deferred VAT payments from 2020 to opt into the New Payment Scheme (June 21) or agree extra help to pay with HMRC (June 30). 
  • Stamp Duty holiday begins tapering, with the end of the temporary increase to £500,000 for the Nil Rate Band. The threshold for paying SDLT is £250,000 from July to September (June 30). 
  • 100% business rates holiday for retail, hospitality and leisure firms expires, with 66% relief available for the next nine months (June 30). 
  • Community Ownership Fund bidding opens. 



  • Coronavirus Job Retention Scheme grant reduced to 60%, with employers topping up remaining wages to 80% (August 1). 
  • HGV Levy suspension extended for a further 12 months (August 1). 





March 2022 

April 2022 

  • New plastic packaging tax introduced, set at £200 per tonne in Rishi Sunak’s first Budget (April 6). 

December 2022 

March 2023 

April 2023 

  • Corporation Tax increases to 25%. A small profits rate of 19% on earnings up to £50,000 applies, tapering up to 25% on earnings over £250,000 (April 6).