The chancellor, Philip Hammond presented his 2018 Budget on 29 October 2018. These are highlights of his live speech. Personal allowances cut from 2019. Restrictions to CGT Entrepreneurs' Relief, Private Residence Relief, R & D relief. Annual Investment allowance increased.
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It's the Budget next week, so I won't ramble on too much as you probably have more than enough emails about tax.
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HMRC have provided details of the new timetable for Making VAT Digital (MVD), we have new Employer Bulletin and another Agent Update, plus much more.
Timetable for Making Tax Digital for VAT: Making VAT Digital 'MVD'.
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We have a Private Client update this week: I definitely recommend that you read this if nothing else. However, we of course have our pick of interesting cases, and if you like VAT, then we are continuing our detailed look at land and property.
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An interesting take on ADR and a look at take-aways and HMRC best judgement assessments this week, the close company case is overturned and the Budget is set for October.
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