Spring Statement 2018On the 13th of March, the Chancellor of the Exchequer Phillip Hammond presented his Spring Statement. What exactly did the Chancellor say and, more importantly, what did it actually mean? Our summary of this year’s Spring Statement is now available on our website here.
The Spring Statement reaffirms fundamental taxation changes which will affect business and personal lives for the tax year 2018/19. The Chancellor responded to the Office for Budget and Responsibility forecast and consultations on the longer term tax challenges including the implementation of Making Tax Digital for VAT registered businesses. We have broken these changes down and outlined how they may affect you and your business, together with any tax planning opportunities that may arise.