No Accounting for Taste ep85: Countdown to Budget 2021

In a week where the prime minister unveiled his roadmap to exit lockdown, this week’s No Accounting for Taste looks ahead to next week’s Budget. Budget fever has struck this week’s No Accounting for taste! AccountingWEB’s Richard Hattersley and John Stokdyk are joined by PracticeWeb’s Ray Newman to review the latest Westminster rumours. So what can we expect at next week’s fiscal announcement? What additional support will Rishi Sunak provide these businesses as the economy "cautiously" re-opens? Will we see the furlough scheme extended again? What about business rates? We’ll discuss this and the latest Budget rumours swirling around Westminster. Before they consider the contenders for this year’s Budget, the team also races through the big stories hitting the accountancy world this week. So along with the runners and riders of the Budget, old favourites Making Tax Digital and IR35 are back in the news. 00:01:45 MTD: Monthly reports may be needed 00:09:14 Income tax rates and thresholds 2021/22 00:11:20 HMRC confirms ‘soft landing’ in new IR35 guidance 00:19:24 Budget predictions