Chancellor Philip Hammond’s second Spring Statement was delivered against a backdrop of political turmoil, following the voting down of Prime Minister Theresa May’s Brexit withdrawal deal.
Despite describing the economy as ‘remarkably robust’, the Chancellor offered a clear warning on the potential impact of a no-deal scenario, which he said would put progress on the public finances ‘at risk’ and cause ‘significant disruption’ to the UK economy.
This Report, which was written immediately after the Chancellor of the Exchequer delivered his Spring Statement speech, is intended to provide an overview of the latest announcements and recent measures most likely to affect you or your business.
For a comprehensive summary of the key measures in the Spring Statement 2019, click here to read our easy-to-digest summary.
What’s included in our Spring Statement 2019 summary?
- Measures announced
- Looking ahead
- Income tax
- Making Tax Digital (MTD)
- Changes to Entrepreneurs’ Relief
- Other key changes for 2019/20
- Considering capital allowances
- What they said…
Contact us with your questions
Please contact your local HLB office as soon as possible to discuss any action you may be considering, and to review your long-term plans. We always welcome the opportunity to help.