2018 Autumn Budget

Autumn Budget Summary – what you need to know

In News by Caroline

From inheritance and pensions to corporation tax – we’ll update you on what you need to know following the Budget on Monday 29th October 2018.

Read our full summary here

The headlines:

  • Two-year cut in business rates for small retail properties from April 2019
  • Increase in personal allowance brought forward to April 2019
  • Annual Investment Allowance increasing to £1m
  • New 2% Digital Services Tax to be introduced from 2020
  • Stamp Duty exemption for first time buyers extended to shared equity homes
  • New tax on non-recycled plastic packaging
  • VAT threshold to remain unchanged until April 2020
  • Access to employment allowance restricted from April 2020

If you’d like to discuss what this means for your business and wallet then get in touch