Spring Statement 2018

A summary of the Spring Statement will be added later today.

Posted in Budget Summary

Spring Statement 2018

The Chancellor, Philip Hammond has announced that he will deliver his Spring Statement to the House of Commons on Tuesday, 13 March 2018.

This will be the first Spring Statement to take place following the government’s decision to switch to a new cycle with the annual Budget taking place in the autumn and the annual Statement taking place in the spring.

The Spring Statement will be used to give an update on the state of the economy and will respond to the economic and fiscal forecast published by the independent Office for Budget Responsibility. The Spring Statement will also be an opportunity to publish consultations, including initiating early-stage calls for evidence and consultations on long-term tax policy issues.

The Chancellor has said he will not make significant tax or spending announcements at the Spring Statement, unless the economic circumstances require it. However, given the current uncertainties around Brexit there could be scope for further material announcements to be made next March.

Posted in General

Exeter Accountant MJ Smith & Co

Celebrating 25 years of excellence.

Free 1st Meeting
Fixed Fees
Free Support!

Find out more

Client Portal Login

Forgot Password?

Latest News

How the £1,000 trading allowance works

There is a £1,000 tax allowances for miscellaneous trading income that has been available to taxpayers since April 2017. This …
Read More

When is lettings relief available?

In general, there is no Capital Gains Tax (CGT) on a property which has been used as the main family …
Read More

Qualifying for VAT special schemes

There are three main special VAT schemes available to small businesses. These are the flat rate scheme, the annual accounting …
Read More