Chancellor Philip Hammond presented this year’s Autumn Budget earlier than usual, due in part to the crucial final stages of the government’s Brexit talks with the EU.
In our Budget Report, we provide an overview of the key announcements featuring in the Chancellor’s speech. Measures for businesses included a cut in business rates for small retail properties in England, together with an increase in the Annual Investment Allowance from £200,000 to £1 million.
Individuals will benefit from an increase in the income tax personal allowance a year earlier than planned, in April 2019. The higher rate threshold will also increase at this time.
The Budget Report supplies useful tips and practical advice in regard to tax and financial planning, alongside an informative 2019/20 Tax Calendar.
As accountants, we can prepare your accounts and tax returns in a timely manner, meeting the relevant reporting requirements. We will also make sure that your tax liability is kept to a minimum, and help you to maximise profitability.
Please do not hesitate to get in touch if you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s Budget speech. Feel free to contact your local Saint & Co Office.