Guidance & Taxes | Autumn Budget Summary 2018

On Monday 29 October 2018 Philip Hammond delivered the last Budget before Brexit. So what exactly did the Chancellor say and, more importantly, what did it actually mean?

Budget announcements contain many fundamental taxation changes which will affect business and personal lives for the year to come. Written in plain English, we have broken the summary down into the main areas of taxation, including business and corporate, employment, personal and capital. We have also included comments on the more important changes, together with any planning points that may arise.

We hope the summary will provide an invaluable update for you and help you get to grips with the changes.

The Government reserve the right to make changes to fiscal policy at the Spring Statement if the economic circumstances require it. With the Brexit uncertainty these changes could include amendments to tax rates and allowances. The Spring Statement will take place in March 2019 and we will update you on pertinent announcements. 

We are here to help you navigate and plan your way through the tax maze so please do get in touch if you have any questions.

Download and read the full Autumn Budget Report 2018