Harts News

The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that ‘austerity is coming to an end - but discipline will remain’. He also promised a ‘double deal dividend’ if the Brexit negotiations are successful but stated that there may be a full-scale Spring Budget in 2019 if not. Our summary focuses on the tax measures which may affect you, your family and your business. To help you decipher what was said we have included our own comments. If you have any questions please contact us for advice. Main Budget tax proposals Our summary concentrates on the tax measures which include:

• increases to the personal allowance and basic rate band
• extending off-payroll working to medium/large organisations in the private sector
• a temporary increase to the Annual Investment Allowance
• freezing the...

Welcome to the Harts October newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we're here to help. Click on the title for more information:

• UK Budget date announced - The Chancellor of the Exchequer, Philip Hammond, has announced that the Budget will take place on Monday 29 October.
• Self-employed Class 2 National Insurance will not be scrapped - The government has decided not to proceed with plans to abolish Class 2 National Insurance Contributions (NICs) from April 2019.
• 'No deal' Brexit guidance and small business survey - The government has issued further notices with the aim of helping both businesses and individuals to prepare in the event of a UK-EU...

Welcome to the September issue of our monthly newswire designed to keep you informed of the latest business and tax issues.  Click on the title for more details. Please contact us if you have any questions. Remember, we're here to help.

• HMRC warning: time to declare offshore assets - HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new 'Requirement to Correct' legislation comes into force.
• Stamp duty cut - According to the latest statistics 121,500 first-time buyers have saved a total of £284 million.
• Software suppliers - Making Tax Digital for VAT - HMRC is working with more than 150 software suppliers who have said they will provide software for Making Tax Digital...