--- title: What does the Autumn budget have in store? description: Rishi Sunak will deliver his Autumn Budget in November 2020. The press is speculating over whether he may raise taxes to pay for COVID-19 support image: https://blog.shorts.uk.com/hubfs/Downloaded%20Hubspot%20Stock%20images/Houses%20of%20Parliament.jpeg --- [![Shorts_logo_White](https://blog.shorts.uk.com/hubfs/New%20Site%202018/Shorts_logo_White.svg "Shorts_logo_White")](https://www.shorts.uk.com/) [Blogs & News](https://blog.shorts.uk.com/) > [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes) # What does the Autumn budget have in store? David Robinson - 11 September 2020 ###### Select topic - Please Select - [ Audit ](https://blog.shorts.uk.com/topic/audit) [ Business Taxes ](https://blog.shorts.uk.com/topic/business-taxes) [ Radius – R&D Tax Relief & Patent Box ](https://blog.shorts.uk.com/topic/radius-rd-tax-relief-patent-box) [ Corporate Finance ](https://blog.shorts.uk.com/topic/corporate-finance) [ GENUS Management Accounts ](https://blog.shorts.uk.com/topic/genus-management-accounts) [ VAT ](https://blog.shorts.uk.com/topic/vat) [ Private Client ](https://blog.shorts.uk.com/topic/private-client) [ Payroll ](https://blog.shorts.uk.com/topic/payroll) [ EOT ](https://blog.shorts.uk.com/topic/eot) [ International Taxes ](https://blog.shorts.uk.com/topic/international-taxes) ![featured image](https://blog.shorts.uk.com/hubfs/Downloaded%20Hubspot%20Stock%20images/Houses%20of%20Parliament.jpeg) Rishi Sunak is expected to deliver his Budget in November 2020, and it has been widely speculated in the press recently that he may take this opportunity to raise taxes in order to pay for the extensive COVID-19 support measures. There are concerns that there could be an increase in Capital Gains Tax to align with Income Tax rates, or a significant increase in Corporation Tax rates. It has also been speculated that there could be changes to the generous pensions tax relief, as well as changes to Inheritance Tax. Additionally, the Capital Gains Tax system is currently subject to a full review by the Office of Tax Simplification. Their consultation ends in October so whilst it is possible their report and recommendations could lead to a more comprehensive overhaul of the tax, the timeframe would be tight for it to be included in this Budget. If the report is still awaited then this may be a reason for the Chancellor to leave Capital Gains Tax alone until the next Budget, although a simple rate rise cannot be ruled out. Business owners and individuals will no doubt be concerned. However, there is often speculation ahead of any Budget, and this is no different. Some commentators believe now is not the right time to raise taxes, at a time when the UK Economy is in the midst of an ongoing global pandemic, and Mr Sunak has reportedly reassured his party that the Budget will not be a "horror show of tax rises with no end in sight". Time will tell, and one person’s “horror show of tax rises” may be another’s “fiscally responsible debt reduction”! Whatever happens in the Budget, there are likely to be tax changes that will impact UK individuals, businesses and their owners. Business owners who are concerned there may be an increase in CGT rates may wish to seek to accelerate transactions already in progress. However, it is possible that any planning undertaken now could result in unexpected tax implications arising from Budget changes, and such implications could be positive or negative dependent on the circumstances.   If you'd like to discuss your tax position, and how the budget might affect you, then please [arrange a consultation](https://www.shorts.uk.com/contact/) with a member of our tax team. [![Contact us](https://no-cache.hubspot.com/cta/default/2442072/0e09363a-89a7-482c-9eac-7e7ce33cbf13.png)](https://cta-redirect.hubspot.com/cta/redirect/2442072/0e09363a-89a7-482c-9eac-7e7ce33cbf13)   ## The 2020 Tax Saving Guide If you would like to read our basic tips to saving tax or how your business could save corporation tax, then why not [download your free copy of our 2020 tax saving guide](https://info.shorts.uk.com/en-gb/2020-tax-saving-guide) or drop us a line today to see how we can help your business thrive.     | Our tax team created the 2020 tax saving guide, which includes; - over 65 tax saving ideas - top tax risks to avoid - covers areas relevant to both entrepreneurs and owner managed businesses - includes many of the top issues we frequently advise on. [Download your free copy of the guide.](https://info.shorts.uk.com/en-gb/2020-tax-saving-guide)   | [![Shorts Tax saving guilde 2020](https://blog.shorts.uk.com/hs-fs/hubfs/Shorts%20Tax%20saving%20guilde%202020.jpg?width=185&name=Shorts%20Tax%20saving%20guilde%202020.jpg)](https://info.shorts.uk.com/en-gb/2020-tax-saving-guide) [Download my FREE copy](https://blog.shorts.uk.com/cs/c/?cta_guid=11c18a6d-3e96-49d9-be1a-5a2508c68f05&placement_guid=17117af9-e5c9-479f-85fe-e85197752307&portal_id=2442072&canon=https%3A%2F%2Fblog.shorts.uk.com%2Fhow-to-reduce-corporation-tax-15-top-tips&redirect_url=APefjpH5NfngZz97qFWEjh8DUroILH5r6c-94xjhcFyaYW-B3OZpp_kfPF3EBxM674wgBQPJF8l6ywtHaVBF7X_Iw38gxiWa_zr-CbLGSxrGPm8VPYyOh8fGPq2hDdEKrQ8g6-Mpz5HhfSaZzE_Zj1DM2fmhS4kWa8obxD4g1R0FOL2i5s7sf4aHaNPhhWPRKHfn7RHjhekyiCLhyNkEPFfY43x0rKgsIt-ON_PXhVP7B3OfnwmIa4JUjv_wx9ALc0GDevTNv-lfoisMsSe2t0qNTAbpt9jIgNns4NjJ8STJR1wzvsKeJNM&click=701c6d6f-0c7c-406b-8c75-d6707d583152&hsutk=9011952eac9f255424057261ffe2b8c4&signature=AAH58kEEn-CREUMmmqVhDJZxa-lr3klPlQ&utm_referrer=https%3A%2F%2Fblog.shorts.uk.com%2Fpage%2F2&pageId=9116647003&__hstc=216275785.9011952eac9f255424057261ffe2b8c4.1584615017211.1599750476422.1599808427178.356&__hssc=216275785.4.1599808427178&__hsfp=1380950404&contentType=blog-post) | | --- | --- |   Other related articles; - [R&D Tax Relief explained](https://blog.shorts.uk.com/rd-tax-credits-explained) - [Company cars and the benefits of going electric](https://blog.shorts.uk.com/company-cars-electric-benefit-in-kind) - [Management buyouts - tax considerations for ](https://info.shorts.uk.com/en-gb/2020-tax-saving-guide) ![author](https://blog.shorts.uk.com/hubfs/Team%20profile%20round%20images/David%20Robinson%20Round%20circle.jpg) #### David Robinson As a Tax Partner, I advise clients on all aspects of UK tax, ranging from business taxes, transactions and private client matters, helping to achieve the objectives and aspirations of businesses and their owners. [View my articles](https://blog.shorts.uk.com/author/david-robinson) Tags: [Business Taxes](https://blog.shorts.uk.com/topic/business-taxes) Share this on - - - [Questions? Get in touch with us](https://www.shorts.uk.com/contact/) ###### Tax Saving Guide 2026-27 Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid. [ Download now ](https://info.shorts.uk.com/en-gb/tax-saving-guide) ![Tax saving guide 2026-27](https://blog.shorts.uk.com/hs-fs/hubfs/Tax%20saving%20guide%202024.jpg?width=375&height=465&name=Tax%20saving%20guide%202024.jpg) ###### Related articles ##### [Spring Statement 2022: Other Matters](https://blog.shorts.uk.com/spring-statement-2022-other-matters) ##### [What is the new Capital Allowances Super-Deduction?](https://blog.shorts.uk.com/new-capital-allowances-super-deduction) ##### [Autumn Budget 2021 – Our Initial Views](https://blog.shorts.uk.com/autumn-budget-2021-initial-views) ##### [Plastic Packaging Tax – What do I need to know?](https://blog.shorts.uk.com/plastic-packaging-tax) ###### Latest articles [A case of aggressive tax avoidance: Glasgow Rangers Football Club](https://blog.shorts.uk.com/aggressive-tax-avoidance-affect-you) [What is VAT? - Complete Guide (Updated for 2025/26)](https://blog.shorts.uk.com/what-is-vat) [Ashgate Hospice Sparkle Night Walk 2026](https://blog.shorts.uk.com/ashgate-hospice-sparkle-night-walk-2026) [Stocktaking guide for UK businesses](https://blog.shorts.uk.com/stocktaking-guide-for-uk-businesses) [Supporting the Chatsworth Cascade for future generations](https://blog.shorts.uk.com/supporting-the-chatsworth-cascade-for-future-generations) [Deal of the Year win at Insider Dealmakers Awards 2026](https://blog.shorts.uk.com/deal-of-the-year-win-at-insider-dealmakers-awards-2026) [Football shirt Wednesday: Backing England in style](https://blog.shorts.uk.com/football-shirt-wednesday-backing-england-in-style) [Understanding lifetime trusts: the basics](https://blog.shorts.uk.com/understanding-lifetime-trusts-the-basics) [Close company directors face new HMRC detail requirements in 2026](https://blog.shorts.uk.com/close-company-directors-face-new-hmrc-detail-requirements-in-2026) [Shorts advise Harris Irwin Architects on successful growth funding.](https://blog.shorts.uk.com/shorts-advise-harris-irwin-architects-on-successful-growth-funding) #### About Us Use this little footer to reinforce your message about who you are and why people love working with you. And since this is a global module, you only have to edit it once to make the changes across every page it appears on. [Learn More [fa icon="long-arrow-right"]](https://blog.shorts.uk.com/autumn-budget-2020#) #### More Links #### Contact Us [fa icon="phone"]   [fa icon="envelope"]  [yourname@company.com](mailto:yourname@company.com) [fa icon="home"]  Cedar House, 63 Napier Street, Sheffield, South Yorkshire, S11 8HN, | 2 Ashgate Road, Chesterfield, Derbyshire, S40 4AA | (0114) 2671617 / (01246) 559955 [[fa icon="facebook-square"]Facebook](https://blog.shorts.uk.com/autumn-budget-2020#) [[fa icon="linkedin-square"]Linkedin](https://blog.shorts.uk.com/autumn-budget-2020#) [[fa icon="twitter-square"]Twitter](https://blog.shorts.uk.com/autumn-budget-2020#) [[fa icon="pinterest-square"]Pinterest](https://blog.shorts.uk.com/autumn-budget-2020#) Copyright 2026 | Designed with [fa icon="heart"] by [HubSpot](https://www.hubspot.com) [[fa icon="chevron-up"]Back to top](https://blog.shorts.uk.com/autumn-budget-2020#) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "David Robinson", "url" : "https://blog.shorts.uk.com/author/david-robinson" }, "dateModified" : "2020-09-14T09:00:16.066Z", "datePublished" : "2020-09-11T07:31:00.000Z", "headline" : "What does the Autumn budget have in store?", "image" : [ "https://blog.shorts.uk.com/hubfs/Downloaded%20Hubspot%20Stock%20images/Houses%20of%20Parliament.jpeg" ], "mainEntityOfPage" : { "@id" : "https://blog.shorts.uk.com/autumn-budget-2020", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.shorts.uk.com/hubfs/2018%20Shorts%20logo%20with%20transparent%20background%20.png" }, "name" : "Shorts" } } ```