Spring Budget Introduction The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. Personal Tax Highlighting income tax, savings and reliefs. Business Tax Highlighting corporation tax, R & D, business rates and SSP. Employment Taxes Highlighting National Insurance, off-payroll working and the Employment Allowance. Capital Taxes Highlighting capital gains tax and Entrepreneurs' Relief changes. Other Matters Highlighting various matters, including VAT and insolvency changes.