In a Budget to signal the coming of the end of austerity Philip Hammond announced measures to increase public spending in particular to provide a boost to the NHS, Highway’s Agency and Counter Terrorism policing. He was keen to stress that discipline will remain but that he is committed to keeping taxes low. The Budget itself was fairly uneventful with only small changes for individuals and on the whole positive for businesses.
Philip Hammond announced that the personal allowance will be increased to £12,500 and the basic rate extended to £50,000 from April 2019, one year earlier than previously planned.
In order to bring the private sector in line with the public sector and agencies, the government will reform the off-payroll working rules (known as IR35) in the private sector.
Employees of multinational companies are sometimes required to make short-term business trips between offices in different counties.
Following an earlier consultation, from 6 April 2020, non-UK resident companies that carry on a UK property business, or have other UK property income, will be charged to Corporation Tax..
The Government have announced steps that they are taking to continue to target avoidance. We await any further detailed information but have set out below a few of the measures that impact...
In a Budget to signal the coming of the end of austerity Philip Hammond announced measures to increase public spending in particular to provide a boost to the NHS, Highway’s Agency and Counter Terrorism policing.
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