skip to navigationskip to main content

Phone: 0141 248 7411 

Email:

Choosing a Service

Choosing an accountant that matches your needs

Sectors

Robb Ferguson provides specialist advice for...

icon-free-consultation

Free Initial Consultation

Understanding your accountancy requirements

Request a Callback

Lets talk at a more convenient time for you

The Autumn Budget 2018 – everything you need to know

Budget 2018

The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. Our summary focuses on the latest tax measures which may affect you, your family or your business. To help you decipher what was said in the latest Budget, we have included our own comments. If you have any questions, please contact us for advice.

Main Budget tax proposals

Our summary concentrates on the tax measures which include:

  • Increases to the personal allowance and basic rate band
  • Extending off-payroll working to medium/large organisations in the private sector
  • A temporary increase to the Annual Investment Allowance
  • Freezing the VAT registration threshold for a further two years
  • Changes to Entrepreneurs’ Relief and private residence relief
  • Measures to tackle the plastic problem.

Previously announced measures include:

  • Increases in car benefits
  • Plans for Making Tax Digital for Business
  • Extending the charge to gains on non-UK residents of non-residential UK property.

The Autumn Budget 2018 broken down

  1. Personal Tax
  2. Business Tax
  3. Employment Tax
  4. Capital Tax
  5. Miscellaneous matters

 

*Click here to download a PDF of our entire Autumn Budget 2018 summary*

 

Some Budget proposals may be subject to amendment in the 2019 Spring Statement and subsequent Finance Act. You should contact us before taking any action as a result of the contents of this summary.

 

Not everything is equal – true. But maybe being equal is simply not good enough?

Our Philosophy

We’re a dedicated team which strives to provide success to our clients in regards to all their accountancy needs.

Meet our team