UK Budget date announced

UK Budget date announced

The Chancellor of the Exchequer, Philip Hammond, has announced that the Budget will take place on Monday 29 October. Breaking with the tradition of a Wednesday in November, perhaps in a bid to avoid the ongoing Brexit negotiations, the government is expected to set...
Spring Statement announces consultations

Spring Statement announces consultations

Spring Statement announces consultations – Chancellor Philip Hammond delivered his Spring Statement on Tuesday 13 March 2018. In his speech, the Chancellor announced consultations would be issued on: how to help the UK’s least productive businesses to learn...
Spring Statement 2018

Spring Statement 2018

The Chancellor Philip Hammond presented the Spring Statement 2018 on Tuesday 13 March. In his speech he provided an update on the economy. He also responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of...
Scottish Draft Budget

Scottish Draft Budget

Finance Secretary Derek Mackay delivered the 2018/19 Scottish Draft Budget on Thursday 14 December 2017. In it he sets out the Scottish government’s financial and tax plans. The Scottish government has the power to set the rates and bands of income tax...
Autumn Budget 2017

Autumn Budget 2017

The Chancellor Philip Hammond presented his first Autumn Budget 2017 on Wednesday 22 November 2017. Some of the key announcements are set out below. Increased limits for knowledge-intensive companies The government will legislate to encourage more investment in...
Budget 2017

Budget 2017

The Chancellor delivered budget 2017, the first of the year. What are the key tax changes affecting SMEs? The good news is that there weren’t many tax changes announced in the Spring Budget 2017. However, two measures were announced that will hit small business...