The 2019 Spring Statement: how will the changes affect you?

Chancellor Philip Hammond delivered this year’s Spring Statement during what is an uncertain time for the economy and businesses. Our summary provides an overview of the latest measures and includes updated forecasts for the UK economy and public finances, as published by the Office for Budget Responsibility. The Chancellor pledged to bring forward the £700 … Read more The 2019 Spring Statement: how will the changes affect you?

Autumn 2017 Budget Report

Philip Hammond’s first Autumn Budget was delivered against a backdrop of economic and political uncertainty, fuelled partly by the ongoing Brexit negotiations. Technology and housing were principal focus areas.  Initiatives aimed at boosting the new housing market, together with the easing of Stamp Duty for first time buyers, are designed to bolster the sector.  A … Read more Autumn 2017 Budget Report

Budget March 2016 Report

The budget inevitably posed challenges to the Chancellor both politically as well as economically.  His task was even more unenviable given the oscillations in economic forecasting brought about by unforeseen change in international  economic activity as well as the gyrations we have recently witnessed in financial markets. The sugar levy is expected to raise £500 million … Read more Budget March 2016 Report

Pre – Budget Dividend Focus

Ahead of the Autumn Statement tomorrow we are taking a deeper look at one of the biggest changes to come out of the 2015 Summer Budget which has been widely reported, namely the new regime for the Taxation of Dividends. For those with significant dividend income, this will have a material  impact on their income tax liabilities for … Read more Pre – Budget Dividend Focus

2014 Budget Announcement Reaction

Chancellor George Osborne announced an unexpected bit of good news for the theatre industry in the Budget today/weds. Rather than introducing Theatre Tax Relief in 2015, the Chancellor revealed it is due to take effect in September this year. Anthony Pins, a partner at entertainment accountants Nyman Libson Paul and who specialises in theatre, said: … Read more 2014 Budget Announcement Reaction

Budget 2012

As anticipated, a mixed bag of measures from George Osborne was announced yesterday. What do we like? Confirmation of the introduction of SEIS (Seed EIS) – already prompting large interest amongst our clients EIS investment limit raised to £1m per person Tax breaks for the TV, Animation and Games sectors from April 2013 – detailed … Read more Budget 2012