Martin Aitken & Co Ltd News & Developments

Martin Aitken & Co: news and comment

Spring Budget 2021

Despite the many rumours beforehand, the Chancellor still managed to produce some surprises on Budget Day. He chose to spend big initially, with major investment incentives for companies in the next two years.

However, the widely anticipated corporation tax rise then kicks in with a vengeance – a one-off jump from 19% to 25%. Individual taxpayers did not escape either, with Mr Sunak reaching for the old stealth tax favourite of freezing tax bands, thresholds and allowances.

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