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Any of the millions of self-assessed income taxpayers who need extra help, can also now extend their outstanding tax bill over 12 months from January.
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1/ We are cutting the Universal Credit Taper Rate not by 1%, not by 2% - but by 8%. From 63p to 55p.
Click to read the full thread 🧵 #Budget2021
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7/ I know self-employed people are struggling right now, we’ve made sure:
- You can access the business interruption loans.
- Income tax payments due in July can be deferred to the end of Jan 2021.
- We’ve changed the welfare system so you can access Universal Credit in full.
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The evidence is compelling that the first 1,001 days of a child’s life are the most important.
We’re investing £500 million in expanded support for children and families, including £300m for local authorities to transform services in new local Family Hubs. #SpendingReview
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There’s been huge demand for the Future Fund so far, with over £500m of government funding applied for on day 1.
We will consider increasing funding into the scheme if necessary. To find out more visit: uk-futurefund.co.uk/s/
881
Sector-Based Work Academies provide training, work placements, and a guaranteed job interview in high-demand sectors.
The evidence shows they work, so we’ll expand them – tripling the number of places. #PlanForJobs
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🌍A new report from the @IMFNews shows that the UK is forecast to have the fastest growth amongst all the G7 nations this year.
That's more evidence that our #PlanForJobs is working.
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We’ve already announced several measures to help UK businesses and employees during #coronavirus.
To get all the latest information head here: businesssupport.gov.uk/coronavirus-bu…
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6/ To make sure no one who needs it misses out on support, we have decided to allow anyone who missed the filing deadline in January, four weeks from today to submit their tax return.
885
Some have called for the fuel duty cut to last until August. I have decided it will be in place until March next year – a full 12 months.
Together with the freeze, this is a tax cut this year for hard-working families and businesses worth around £5 billion.
886
More businesses can now benefit from our Bounce Back Loan scheme.
The deadline for applications has been extended to the end of January, while firms can top-up existing Bounce Back Loans if they need additional finance.
Read about today’s changes here: gov.uk/government/new…
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We’re launching a new Future Fund Breakthrough to help fill the scale-up funding gap. #Budget2021
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We’ll also tackle fraud in our COVID schemes, with £100m to set up a new Taxpayer Protection Taskforce of around 1,000 investigators. #Budget2021
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To give businesses longer to apply for all of our loan schemes, I am extending all the deadlines to the end of the year.
We are starting work on a new, successor loan programme, set to begin in January.
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We’re delivering our promise to match NICs and income-tax thresholds in full, this year.
It's the biggest single personal tax cut in over a decade.
70% of all workers will have their taxes cut by more than the amount they’ll pay through the new NHS & Care Levy.
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This is a tax cut for workers, for pensioners, for savers.
A £5bn tax cut for over 30 million people. #SpringStatement2022
892
Together with @OliverDowden we’re extending the Culture Recovery Fund and supporting our arts, culture and sporting institutions as they reopen.
We're introducing a new approach to apprenticeships in the creative industries, and extending the TV restart scheme. #HereForCulture
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Draught Relief will apply a new, lower rate of duty on draught beer and cider.
It will particularly benefit community pubs who do 75% of their trade on draught.
It’s not a freeze, it will cut duty by 5%. A long-term investment in British pubs of £100m a year. #Budget2021
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Read more about today's Winter Economy Plan here:
gov.uk/government/top…
I will be taking questions from journalists live from 3pm.
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From April, the Employment Allowance will increase to £5,000.
That’s a new tax cut worth up to £1,000 for about half a million small businesses – starting in just two weeks’ time.
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In 2024, for the first time in sixteen years, the basic rate of income tax will be cut from 20% to 19%
That’s a £5bn tax cut for over 30 million people. Watch below to find out more 👇
Prime Minister of the United Kingdom 🇬🇧
@Conservatives leader.
MP for Richmond (Yorks).