On 3 March 2021, UK Chancellor of the Exchequer Rishi Sunak delivered the Budget 2021 to parliament. Some of the main tax-related measures of the Budget include the following:
- For 2021/22, the personal allowance is increased to GBP 12,570, the basic rate limit is increased to GBP 37,700, and the higher rate threshold is increased to GBP 50,270 (personal allowance plus basic rate limit), which will be maintained from 2022/23 to 2025/26;
- The standard corporate tax rate will be maintained at 19…