Amongst everything going on with Brexit in parliament in the last few weeks, the chancellor delivered his Spring Statement. In doing so he provided an update on the economy. No significant tax changes were announced, with the Autumn Budget being the key delivery in that respect now. However, a number of consultations on various aspects of the tax system were announced and an update was provided on previously launched tax consultations.
A summary of the Spring Statement 2019 is now available on our website here. In this summary details of the consultations are provided alongside a reminder of the tax changes that will take effect for 2019/20
All the rates and allowances for 2019 are included in our recently updated mobile application that can be downloaded by searching for “MyAccountants” from the App Store and Google Play and accessed using the code “CNMADV”.
If you have any questions concerning any of the points covered in our Spring Statement summary, or would like advice on the upcoming tax changes, please do not hesitate to contact us.