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The Chancellor’s Budget March 2017

by Andrew Totton | Mar 8, 2017 | Budget Announcements, Business Taxes, Self assessment, Starting a business?

Below are a summary of the key points in the Chancellor’s budget on 8th March 2017, from a Tax perspective:   ·         Corporation tax rate to fall to 19% from April 2017, and to 17% by 2020 as planned ·         The “Making Tax Digital” requirements to be delayed for...

A summary of the key points from the Autumn Statement announced today

by Andrew Totton | Nov 23, 2016 | Budget Announcements, Business Taxes, Payroll, Starting a business?, VAT

Below is a brief summary of the key points from the Chancellor’s Autumn Statement, announced today: ·         Office for Budget Responsibility forecasts economic growth of 2.1% in 2016 (down from 2% it forecast before BREXIT vote); 1.4% in 2017 (down from 2.2%) and...

Brexit – the possible tax implications

by Andrew Totton | Jul 20, 2016 | Budget Announcements, Business Taxes, Starting a business?, Uncategorized, VAT

After the unprecedented result in the EU referendum on 23rd June, and the Leadership campaign to become the next Leader of the Conservatives and also Prime Minister that followed, we now know that we will indeed be leaving the EU, and who will be taking us out....

The Budget – a quick summary!

by Andrew Totton | Mar 16, 2016 | Budget Announcements, Business Taxes, Starting a business?

Today, George Osborne delivered his eight budget, and below we have a summary of the key announcements: Outlook The UK Economy is strong, growing and resilient There are storm clouds gathering over the Global Economy The UK Economy will grow by 2% this year, 2.2% in...

The Chancellor’s Budget

by Andrew Totton | Jul 8, 2015 | Budget Announcements, Business Taxes, Starting a business?

Today, the Chancellor, George Osborne, has delivered his first budget under the new Conservative government. Here are the key points: Personal tax The personal allowance to rise to £11,000 from April 2016 (currently at £10,600). This is to increase to £12,500 by 2020....

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