Beyond the Brexit horizon
Here at Tolley, we worked throughout the night (29th of October) to bring you a comprehensive summary of Budget 2018 announcement, highlighting the changes, and what they mean for you and your clients.
The biggest headline will be the proposal for a tax on digital services. It is intended to be restricted to only established tech giants and will be subject to consultation coming into effect in 2020, subject to no new international agreement being introduced before then.
The major announcement for income tax payers was the bringing forward of the personal allowance and higher rate threshold a year earlier than expected. So, the personal allowance will be £12,500 and the higher rate threshold will be £50,000 from April 2019. Those are substantial changes and will have an impact on almost all taxpayers.
There was more meat in this Budget than we might have expected. As ever though, the detail will be important, and I’ll leave the analysis of that to our resident Tolley experts who have worked indefatigably through the evening and night to deliver insight on not only what the statements are, but also what they mean to you and your clients. We are also very fortunate to have a wider team of editors and technicians supporting us and making it all possible.
Complete the form below to gain access to a summary of the latest news on the Budget following The Chancellors statement, as well as detailed overviews containing analysis and guidance on what the changes mean in each of these areas of taxation:
- Personal Tax
- Owner-Managed Businesses
- VAT and other indirect taxes
- IHT, Trusts & Estates
- Corporate Tax
- Employment Taxes
Download your free Budget 2018 coverage
* denotes a required field