Budget 2020

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The Chancellor Rishi Sunak delivered his first budget yesterday against the backdrop of the growing Coronavirus outbreak to unveil a series of giveaways.

Initiatives were announced to boost small business and tackle climate change. The loosening of the purse strings were funded by a reduction of the Entrepreneurs Relief lifetime allowance limit from £10m to £1m and from the abandonment of the reduction of corporation tax rate from 19% to 17%.

Here are some of the key tax announcements:

To download our budget booklet follow the link to Budget2020 and contact one of our Team if you would like to discuss any of the above changes.