Likely provisions on today’s budget:
Covid relief measures – Job retention scheme to be extended until September with increased employer contributions from July onward.
CGT – Looks like the rates will be gradually increased to match income tax. This is an obvious choice for the Chancellor.
Income tax personal allowances currently £12,500 and the income tax thresholds to be frozen
The main rate of Corporation Tax to rise to 23% or possibly the a split between the main rate and the small companies rate depending on profits.
Abolishment of higher rate income tax relief on pension contributions limiting relief to 20%.
Extension of the reduced rate of VAT for the hospitality sector.
Stamp Duty – perhaps an extension to the SDLT holiday for properties up to £600k.