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Outlining the main Autumn Budget 2018 proposals.
The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that 'austerity is coming to an end - but discipline will remain'. He also promised a 'double deal dividend' if the Brexit negotiations are successful but stated that there may be a full-scale Spring Budget in 2019 if not.
Our summary focuses on the tax measures which may affect you, your family and your business. To help you decipher what was said we have included our own comments. If you have any questions please contact us for advice.
Our summary concentrates on the tax measures which include:
Previously announced measures include:
Some Budget proposals may be subject to amendment in the 2019 Spring Statement and subsequent Finance Act. You should contact us before taking any action as a result of the contents of this summary.
Why not contact Stiles Accountants Ltd today for more information or to arrange a FREE no obligation quote.
HMRC has published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.
Over one million self assessment taxpayers missed the filing deadline at midnight on 31 January, according to data published by HMRC.
HMRC is warning people to be wary of bogus tax refund offers following the self assessment deadline on 31 January.