Turning off Legacy Outlook and switching to New Outlook should not request a new activation code or reject your Office Home & Business 2021 license; it changes the experience within the same Outlook application and does not install or license a separate product.
Office Home & Business 2021 is a perpetual, one-time purchase that includes Outlook, and Microsoft explicitly lists Office for Mac 2021 as a valid personal license for activating Outlook for Mac.^1^ ^2^
What to expect when switching
- Open your currently activated Outlook version.
- Turn off the Legacy Outlook switch.
- Outlook changes to the New Outlook interface. Microsoft’s documented procedure contains no separate product-key or activation step.^3^
- You might be asked to sign in to an email account again or authorize account synchronization. That is mailbox authentication, not Office activation.
- If necessary, return through Help → Revert to Legacy Outlook. Accounts added in one experience do not automatically appear in the other in every case, so switching back may require account configuration there.^3^
Your account types are supported:
- iCloud is supported in Outlook for Mac and New Outlook.^3^
- A Microsoft 365 Exchange account is also supported. Its GoDaddy hosting does not replace or invalidate the Office 2021 license used to activate Outlook.
- Once Outlook is activated using a qualifying Office 2021 license, Microsoft says additional accounts can be added regardless of their own licensing status.^2^
Important distinction for version 16.114.1
The activation problem you encountered affected Outlook, Word, and Excel after updating, so it was not caused by choosing Legacy versus New Outlook. Switching Outlook modes on the older, working installation should not change activation. Updating that installation back to 16.114.1, however, could reproduce the broader activation problem you already observed.
If Outlook unexpectedly shows an activation prompt immediately after the mode switch:
- Do not purchase Microsoft 365 or enter the product key again.
- Sign in using the Microsoft account to which Office Home & Business 2021 was originally redeemed.
- Confirm that the apps were installed directly from Microsoft. Mac App Store builds use different licensing behavior and require Microsoft 365 for Word, Excel, PowerPoint, and Outlook.^4^
- If activation remains broken, use Help → Contact Support from Outlook and report that Office 2021 works on the rolled-back build but fails on 16.114.1.^3^
In short: New Outlook accepts Office Home & Business 2021 for Mac; switching modes itself should not require an activation code. Any renewed activation failure on 16.114.1 would be an Office-build/licensing problem, not a requirement to buy Microsoft 365 merely because New Outlook was enabled.
References
- Office 2021 and Office LTSC for Windows and Mac FAQ | Microsoft Support
- How licensing and access works in Outlook for Mac | Microsoft Support
- Outlook for Mac | Microsoft Support
- Microsoft Office activation and the Mac App Store | Microsoft Support