{"id":666,"date":"2021-11-10T12:07:55","date_gmt":"2021-11-10T12:07:55","guid":{"rendered":"http:\/\/www.rnm.in\/blog\/?p=666"},"modified":"2025-01-30T10:55:43","modified_gmt":"2025-01-30T10:55:43","slug":"uk-autumn-budget","status":"publish","type":"post","link":"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/","title":{"rendered":"UK Autumn Budget"},"content":{"rendered":"\n<p>Rishi Sunak\nannounced his third Budget as Chancellor of Exchequer to Parliament on\nWednesday, 27th October 2021. It is&nbsp;a fiscal approach designed to prepare\nthe UK for an \u201cage of optimism\u201d in the post-Covid-19 economy. &nbsp;<\/p>\n\n\n\n<p>The Office for\nBudget Responsibility confirmed that economic growth in 2021 had been revised\nup from 4% to 6.5%, with the economy set to grow a further 6% in 2022.\nMeanwhile nationwide unemployment levels are set to peak at just 5.2%.<\/p>\n\n\n\n<p>The key\nannouncements in Budget 2021 relative to the UK\u2019s army of small businesses and\nthe self-employed:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>National Insurance Contributions set to increase from April 2022.<\/li>\n\n\n\n<li>Dividend tax will increase by 1.25% from April 2022.<\/li>\n\n\n\n<li>The Chancellor announced changes to research and development tax credit relief from April 2023 to refocus the relief on to UK based businesses.<\/li>\n\n\n\n<li>The National Living Wage will rise on 1st April 2022 by 6.6% to \u00a39.50 an hour.<\/li>\n\n\n\n<li>The Government announced the temporary AIA limit of \u00a31million of expenditure on qualifying plant and machinery, which was due to end on 31st December 2021, has been extended to 31 March 2023.<\/li>\n\n\n\n<li>The Recovery Loan Scheme made available to businesses planning their way out of the Covid-19 lockdowns would be extended until 30th June 2022.<\/li>\n\n\n\n<li>Fuel duty rise scrapped for 2022\/2023.<\/li>\n\n\n\n<li>Making Tax Digital for income tax will now be introduced from 6th April 2024.<\/li>\n\n\n\n<li>From 27th October 2021, the&nbsp;deadline to report and pay CGT after selling UK residential property will increase&nbsp;from 30 days after the      completion date to 60 days.<\/li>\n\n\n\n<li>The Government has announced future changes to &#8216;Net Pay&#8217;&nbsp;pension scheme arrangements which will mean that low earners will benefit from a top-up to their pension.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Rishi Sunak announced his third Budget as Chancellor of Exchequer to Parliament on Wednesday, 27th October 2021. It is&nbsp;a fiscal approach designed to prepare the UK for an \u201cage of optimism\u201d in the post-Covid-19 economy. &nbsp; The Office for Budget Responsibility confirmed that economic growth in 2021 had been revised up from 4% to 6.5%, with the economy set to [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[142],"tags":[144],"class_list":["post-666","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-united-kingdom","tag-autumn-budget"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Autumn Budget | Key Updates and Implications<\/title>\n<meta name=\"description\" content=\"Stay informed about the UK Autumn Budget. 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Explore the latest updates, policy changes, and potential implications for businesses, taxpayers, and the economy.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"RNM India Blogs\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-10T12:07:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-30T10:55:43+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2021\/11\/UK-Autumn-budget.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2240\" \/>\n\t<meta property=\"og:image:height\" content=\"1260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rnm\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rnm\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/\"},\"author\":{\"name\":\"Rnm\",\"@id\":\"https:\/\/www.rnm.in\/blog\/#\/schema\/person\/c803658b38f2490f6a75863d05644438\"},\"headline\":\"UK Autumn Budget\",\"datePublished\":\"2021-11-10T12:07:55+00:00\",\"dateModified\":\"2025-01-30T10:55:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/\"},\"wordCount\":265,\"publisher\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2021\/11\/UK-Autumn-budget.jpg\",\"keywords\":[\"Autumn Budget\"],\"articleSection\":[\"United Kingdom\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/\",\"url\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/\",\"name\":\"UK Autumn Budget | Key Updates and Implications\",\"isPartOf\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.rnm.in\/blog\/uk-autumn-budget\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.rnm.in\/blog\/wp-content\/uploads\/2021\/11\/UK-Autumn-budget.jpg\",\"datePublished\":\"2021-11-10T12:07:55+00:00\",\"dateModified\":\"2025-01-30T10:55:43+00:00\",\"description\":\"Stay informed about the UK Autumn Budget. 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