On Wednesday 13 March 2019 Phillip Hammond presented his second Spring Statement. In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax system together with updates on earlier consultations.
The uncertainty over Brexit and its impact on the economy was clearly on his mind although he was largely positive in his economic forecasting.
Our summary of the Spring Statement is available here.
In this publication we concentrate on the tax consultations that were announced either at Spring Statement or in recent weeks and progress that has been made in the development of legislation from earlier consultations.
Written in plain English, we have broken the newsletter down into the main areas of taxation. We have also included comments on the more important changes, together with any planning points that may arise.
The summary provides an invaluable update for you and will help you get to grips with the changes. It will remain on our site for you to refer to as and when you need it but if you have any questions, don’t forget we are here to help you navigate and plan your way through the tax maze, so please do get in touch.