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 package of support for electric vehicles, an increase in the Research & Development tax credit, and the doubling of the EIS investment limit for Knowledge Intensive Companies (KICs) all signify an intention to stimulate activity in key areas of productivity.
Our interest remains focused on taxation changes for our clients and how they may be affected.