Certainly not a government to shy away from a catchphrase, “gets it done” was the key takeaway from Chancellor Rishi Sunak’s first Budget.

While overshadowed by Covid-19, the Chancellor's clear focus was on “guaranteeing security for today and promising an end to austerity tomorrow,” said Paul Falvey, a tax partner at BDO.

Entrepreneurs Relief and Corporation Tax featured heavily, but other anticipated topics like Inheritance Tax and Digital Services Tax were not central to the Budget. However, Mr Falvey suggested that “given that three financial statements are likely this year, more information may come out...