Spring Budget 2021: Background briefing
Spring Budget 2021 which will take place on 3 March 2021. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.

Direct taxes: rates and allowances 2006-07. House of Commons Library Research Paper 06/22.
Direct taxes: rates and allowances 2006-07 (375 KB, PDF)
Direct taxes: rates and allowances 2006-07. House of Commons Library Research Paper 06/22.
Direct taxes: rates and allowances 2006-07 (375 KB, PDF)
Spring Budget 2021 which will take place on 3 March 2021. The Office for Budget Responsibility (OBR) will publish revised forecasts for the economy and public finances on the same day.
This paper discusses the background to the Government's proposals, announced in the 2018 Budget, to introduce a Digital Services Tax from April 2020, in the context of wider concerns as to the challenge of taxing digital businesses and moves to agree reforms to the international tax system.
This note gives a short introduction to the way VAT works, and the significance of EU VAT law has had for setting VAT rates, before discussing the campaign for a lower VAT rate on tourist services and the Government's introduction of a temporary 5% rate in July 2020.