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?
In Philip Hammond’s much-anticipated pre-Brexit budget, the Chancellor bullishly declared an ‘end to austerity’, using the tax system to free up more money for both consumers and businesses. The big headline for individuals is an increase of the personal tax allowance to £12,500 – originally slated for 2020, it will now take effect from April … Read more Autumn Budget 2018: What You Need to Know
Philip Hammond’s Spring Statement Budget has been delivered against a backdrop of improving fortunes for the UK economy. Delivering an improved growth forecast – and a projected fall in inflation – Mr Hammond declared himself “positively Tigger-like”. Although the Spring Statement was not intended as a major event, the Chancellor announced a raft of measures … Read more Read our Spring Statement 2018 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
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
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
Today saw George Osborne deliver his last budget statement before the impending General Election, which attracted quite a bit of media interest. For those wanting to know what these announcements mean for them, please see our summary by clicking here. Of particular note for individuals was the reformation of Stamp Duty, an increase in Non-Dom … Read more What Does the 2014 Autumn Statement Mean For You?
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
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
NLP partner Anthony Pins talks to The Stage about changes to Gift Aid and Inheritance Tax in the Budget, click here to read more