2020 Budget

Our team: Helen Cox, Gemma Grunewald

The 2020 Budget was heavily dominated by plans to combat Covid-19, yet there were some notable tax changes and constants that were examined by our Private Wealth Group including:

  • Increased pension tax relief
  • Further crackdown on tax evasion
  • Enforcing IR35 within the private sector
  • Higher Stamp Duty Land Tax
  • A new digital services tax
  • Maintained rates of inheritance tax, VAT, Income tax  and Corporation tax

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