Deadline for second payment on account for tax year ended 5 April 2019. Businesses struggling to make their payment as a result of COVID-19 can choose to defer until 31 January 2021.
Residence nil-rate band increases from £150,000 to £175,000.
Start of new tax year.
Capital gains tax annual allowance for individuals increases to £12,300; and to £6,150 for trustees.
National living wage increases from £8.21 to £8.72 an hour for over-25s.