Hammond delivers Pre-Brexit Budget for a ‘brighter future’

Chancellor Philip Hammond delivered his second Autumn Budget, exactly five months before Britain is due to leave the European Union. As expected, particularly in light of the uncertainty around Brexit, this was a safe rather than ground-breaking budget. However, the Chancellor announced a number of measures aimed at helping UK businesses and, for now, shifted the focus away from tackling the spending deficit and national debt. Read our Budget Report

The impact on Personal Taxation

Stephanie Franklin considers the impact of the Autumn Budget on:-

• Changes to individual tax rates
• Capital Gains Tax changes – Sale of residential property
• Stamp Duty changes for first-time buyers

Read more about the Pre-Brexit Budget and changes to Personal Taxation.

The impact on businesses

The Chancellor has announced a number of measures aimed at helping UK businesses.

• Boost to business investment
• Introduction of Digital Services Tax
• Tax avoidance measures

Keng Cheong, Tax Manager, considers the Budget and its impact on businesses. Read more

Employment and National Insurance Tax and Entrepreneurs Relief

As widely discussed, HMRC have also looked at the anti-avoidance IR35 rules for personal service companies and will be extending the changes currently applying to those working in the public sector, to those working in the private sector. Susan Clark, Tax Manager, outlines the changes in Employment and National Insurance Tax and Entrepreneurs Relief. Read more