While many are waiting for the vaccine, the downside is that we’ll have to pay for it somehow. Just how it will be paid for is a question high on every taxpayer’s mind. Will it be through increased taxes, a once off tax, a VAT increase, a massive cut in government expenditure – it’s anyone’s guess at this stage.
Taxpayer’s will somehow feel the pain of the pandemic in the 2021 Budget and the questions are abound – will only high-income earners be impacted or will the burden be spread across everyone?
Don’t miss out on our Payroll Managers Tax Year End Virtual Seminar where we unpack the 2021 Budget in detail and assist in preparing Business Owners and Payroll Managers for the compliance and legislative challenges to be faced in 2021.