Initial reactions to the Autumn Budget 2021 from our Tax experts
“A very technical budget, with minor changes to the tax system rather than major reform. A definite focus on leaving the EU, and the flexibility that this affords in changing the structure of some taxes.”
Chris Riley | Head of Tax
“Increasing the deadline for reporting residential property disposals to 60 days is a very welcome change, the original 30 days put a large amount of pressure on taxpayers that may not have been aware of the requirement.”
Phil Clayton | Senior Manager
“Many innovative companies sourcing cheaper labour overseas will be dismayed to hear that Rishi Sunak has announced foreshadowed plans to restrict R&D relief on overseas expenditure. It’s not all bad news though, with qualifying costs to be expanded to include cloud computing and data expenses.”
Shona Barker | Senior Manager
““Reforms of R&D reliefs to focus on UK spend, but also include Data and Cloud Computing costs will give rise to both winners and loser.”
Chris Riley | Head of Tax
