On 8th March 2017, Chancellor Philip Hammond delivered the last ever Spring Budget. Shortly, our tax team at WHA will publish their full spring budget report, but in the meantime enclosed is a summary of the major announcements and changes:- From April 2017: new announcements Package of measures to give some relief to those small…
Since the days of Gordon Brown, there have been two showpiece performances by the Chancellor in the Commons each year: the March Budget, concentrating on tax, and the Autumn Statement, concentrating on spending. The new Chancellor, Philip Hammond, finished his first one with a significant cut – he thinks there should only be one…
Today, Chancellor Philip Hammond delivered his first Autumn Budget. With the shadow of Brexit causing uncertainty for the UK economy’s growth, Mr Hammond has made a number of changes in an effort to reduce debt and increase growth. Here are some of the main changes as announced today:- Effective immediately • From 23 November 2016…
“Careful, considered and targeted” are the words uttered by the new Chancellor Philip Hammond, when questioned about potential fiscal boosts in the autumn statement. Therefore, it’s safe to say we shouldn’t expect any major positive changes come next Wednesday. Over the past 3 years, previous Chancellor George Osborne’s target was to reduce the UK’s deficit,…
When George Osborne addressed the nation from Westminster yesterday, he hailed his Big Budget as a “Sweetener” for Small Businesses. No, we are not referring to his surprise introduction of a new “Sugar Tax”, but to the fact that the Chancellor’s proposed plan is to tax big business and assist SME’s. Whether you agree with…
The buzz-phrases used by Chancellor George Osborne included “act now, not pay later” and “A Budget for the next generation”. To a degree he wasn’t wrong, with the introduction of a new Sugar tax to tackle childhood obesity and the re-branding of UK schools as “Academy’s “, but did he deal with the big issues…
You may or may not have watched or listened to Chancellor George Osborne’s 2016 Budget today, but as a business owner or tax payer you will certainly be affected by the changes announced. We know there is a lot to take in, including when the changes will occur. So WHA have compiled a Blog post to…
Leading up to yesterday’s Autumn Statement, rumours were spreading like wildfire as to what Mr Osborne had planned for taxpayers, employers, entrepreneurs and pensioners. Would he make huge reforms to the pension structure? Would the start date for the controversial “Dividend Tax” be brought forward? As it happened, the Chancellor focused more on public spending. …
All eyes were on Chancellor George Osborne as he delivered his first Autumn Statement and Spending Review. Here are the main points from today’s speech:- Effective immediately These measures come into effect for loans provided, assets acquired or transactions performed on and after 25 November 2015: Relieving measure for charities connected to close companies. Where…
The Chancellor, George Osborne started his budget speech yesterday by saying “This is a big budget for a country with big ambitions”. There is no doubt that the government wants growth to continue, cementing this fact by stating that their aim is to eradicate the UK’s deficit by 2020. But was the Chancellor’s budget a…
