A summary of the Spring Statement 2018 is now available on our website here.
In the first statement of the new process, much of the chancellor’s speech focused on an update on the economy and the announcement of various consultations looking into various future tax changes. A key business announcement was the confirmation that the next revaluation of business rates is to be brought forward to 2021, from 2022.
We have prepared our Spring Statement summary to outline the issues that are most likely to be of interest to you. We have included informative comments to help you assess the likely effect that the proposed changes may have on you personally and their significance and have also included the tax rates and allowances that take effect for the 2018/19 tax year.
All the rates and allowances are also included in our mobile application that can be downloaded by searching for “CNM Advisory” from the App Store and Google Play but watch out for news about changes to our “app” coming very soon!
If you have a question concerning any of the issues covered in our Spring Statement summary, or would like advice on the best possible course of action in a particular area, please do not hesitate to contact us.