The Rt Hon. Philip Hammond delivered his Spring Statement yesterday and as expected, so close to Brexit, there was not much by way of announcements or anything of any substance.
There was a promise of a full spending review following agreement of a Brexit deal and a detailed Budget in the Autumn. In the coming months, the Government also intends to publish a number of regulations, papers and guides and we have listed below six of the key areas covered.
For more details on what was covered in the Spring Statement , download your copy here.
VAT registered businesses have been receiving letters from HMRC recommending that an ‘EORI’ number (Economic Operator Registration and Identification number) should be applied for by 29 March 2019, in preparation for Brexit..
In his speech yesterday, Chancellor Philip Hammond demonstrated his commitment to the principle of the Spring Statement as a low-key event, at least in terms of tax and public spending announcements.
With the 5 April rushing towards us and heralding the start of a new income tax year, some changes to bear in mind going forward.
There’s no better time to be nice to staff and customers than at Christmas. But the tax man is less generous than Santa and there are certain clauses you need to be aware of before you start popping £50 notes into envelopes to hand out over mulled wine round the office tree.
See our quick flow chart to check if you are ready for MTD.
If you inherit property, there is usually no Stamp Duty Land Tax (SDLT), unless the beneficiary is paying money into the estate or paying other beneficiaries. However, there are an increasing number of people getting caught up in an SDLT ‘trap’ when circumstances relating to the inherited property change.