Spring Statement 13 March 2018

Mar. 14, 2018, 12:14pm

On Tuesday 13 March 2018 Philip Hammond presented his Spring Statement. So, what exactly did the Chancellor say and, more importantly, what did it actually mean?

Spring statement coverA summary of this year’s Spring Statement is now available  – click 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.

Written in plain English, we have broken the newsletter down into the main areas of taxation. We have also included comments on the more important changes, together with any planning points that may arise.

The summary provides an invaluable update for you and will help you get to grips with the changes. It will remain on our site for you to refer to as and when you need it but if you have any questions, don’t forget we are here to help you navigate and plan your way through the tax maze, so please do get in touch.

If you have a question concerning any of the issues covered in this summary, or would like advice on the best possible course of action in a particular area, please do not hesitate to contact us.

We Think. You Gain.

The information in this blog is provided ‘AS IS’ with no warranties, and confers no rights.
Yes, we are accountants, but if we are not your accountant this article does not create a client relationship. This blog is technical/ tax information and should not be seen as advice. All circumstances are different – you should consult with an accountant/ tax adviser before you rely on this information.
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