Hello,
Autumn Statement: fireworks or damp squib?
Chancellor Philip Hammond’s first Autumn Statement was also his last. After two Budgets in 2017, from 2018 onwards we will have a Spring Statement and an Autumn Budget.
But he took the opportunity to make some interesting announcements: salary sacrifice schemes are going to be curbed, the pensions money purchase annual allowance is dropping, and the insurance premium tax increases again. There was the usual raft of anti-avoidance measures, including a new legal requirement to correct a past failure to pay UK tax on offshore assets. And if you pay flat-rate VAT, watch out for the change announced here. Take a look at our summary and analysis, to find out how the changes will affect you and your business.
Also this month, we are delighted to announce that we are once again finalists in the prestigious Professional Adviser Awards. The winners are due to be announced in February – wish us luck!
Download your FREE Autumn Statement report here
