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In the 2018 UK Budget, the Chancellor of the Exchequer, Philip Hammond, was able to make some eye-catching announcements including:
However, as ever, there some announcements which will adversely impact a wide cross-section of tax payers – changes to the off-payroll working in the private sector, Entrepreneurs’ Relief, R&D tax relief for small and medium-sized enterprises and to Letting Relief and the final period exemption in calculating the Capital Gains Tax private residence relief.
Our newsletter in the morning will explore these changes in more detail.
In the meantime, if you have any questions on the 2018 UK Budget, please contact us at tax@cooperfaure.co.uk.
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