Budget 2018 foreward by Will Sweeney – Tax Technical Specialist
This year’s budget is as tricky as ever; balancing the books, increasing tax revenues to help ensure a level of economic buoyancy to take us through Brexit, but at the same time needing to remain competitive from both a personal and corporate tax perspective.
The Chancellor remains determined to reduce the UK’s borrowing. Accordingly, I wouldn’t expect any naked giveaways (ie: any tax reductions will need to be paid for). On the reverse side, the Government don’t want to present another austerity budget and so any revenue raisers are likely to be balanced by other, ‘good news headlines’.
The UK needs to fund an additional £20bn for the NHS so where might this come from?
HMRC remain determined to close the tax gap and so we may see more anti-avoidance proposals.
Business Tax Predictions
Will Sweeney provides extended
commentary on his three headline
predictions for the Autumn Budget
looking at the possible implications
for UK business owners.
UK Business Sector Predictions
Menzies sector teams compile
their budget ‘wish list’
highlighting the issues
that matter most to
UK SME business owners.
Personal Tax Predictions
Private Client Partner Craig Hughes
examines what the Chancellor’s
Autumn Budget may mean for the
and offshore trusts.