UNW’s Spring Statement 2018 Summary
The Chancellor of the Exchequer presented his first Spring Statement to Parliament on Tuesday 13 March 2018.
As expected, Philip Hammond’s maiden Spring Statement was a rather uneventful affair, as he resisted making any changes to tax or spending.
In a 25-minute speech, he kept to his promise to provide an economic update and respond to the Office for Budget Responsibility’s latest forecasts rather than a replication of his predecessors’ lengthy Autumn Statements, with a few updates on tax consultations (such as single-use plastics, Entrepreneurs’ Relief after dilution, and EIS for knowledge-intensive companies) the only time he really deviated from this.
A summary of the 2018 Spring Statement is now available via the link below. In this publication we concentrate on the tax consultations that were announced either at Spring Statement or are currently ongoing. We are also taking this opportunity to remind you of tax changes which take effect for 2018/19.
If you have any questions regarding the information covered in this summary, or would like advice on a particular area, please get in touch with either your usual contact or any of the UNW Tax partners. Contact details can be found on the final page of this summary PDF.
We have also created a useful summary of the new tax rates and allowances for 2018/19.
With less than a year to go until the introduction of HMRC’s Making Tax Digital for VAT scheme, businesses must
The dramatic increase in fraud shows no signs of slowing down. Although the true annual cost of fraud to the
HM Revenue and Customs (HMRC) has published its Employer Bulletin for June 2018 which is available to view at the
Founded way back in 1865 by John William Cameron in Hartlepool, County Durham, Camerons Brewery is the largest independent brewer
New rules surrounding salary sacrifice, termination payments and benefits in kind are being felt by businesses across the country, with