2018 Spring Statement Summary and Implications
Published by Griffin Chapman on Wed, 14/03/2018 - 1:01pm
On Tuesday 13th March 2018 Philip Hammond delivered the Spring Statement. So what exactly did the Chancellor say and, more importantly, what did it actually mean?
Our summary of this year's Spring Statement is now available in this handy PDF.
We've prepared this summary to outline the key points that are most likely to be of interest to you, including informative comments to help you assess the likely effect of the proposed changes and their significance.
In our summary we cover changes to:
- Personal Tax
- Business Tax
- Employment Taxes
- Capital Taxes
- Other Matters
- Rates and Allowances
- Income Tax Rates
- Income Tax Reliefs
- Pension Premiums
- Capital Gains Tax
- Car, Van and Fuel Benefits
- Mileage Allowance Payments
- Individual Savings Accounts
- Value Added Tax (VAT)
- Statutory Pay Rates
- Capital Allowances
- National Insurance (NI)
- Inheritance Tax
- Corporation Tax
- Stamp Duty and Stamp Duty Land Tax
- Land and Buildings Transaction Tax
As well as the full Spring Statement Summary 2018, we've also created a quick and handy 'latest rates and allowances reference guide' PDF for your use.
If you have any questions regarding the Spring Statement, please do no hesitate to contact us on 01206 842000.
