Giving immediate reaction to the Chancellor’s Budget, Nick Parker, ICAEW Deputy President, said: “The Chancellor did what he needed to do with a Budget that moved the country one step closer to a post-Brexit economy. Against a backdrop of better than expected economic performance, he has given himself room to manoeuvre should Brexit have more damaging economic consequences than currently forecast. More still needs to be done to encourage business investment, improve productivity and address the state of the public finances – and the Autumn Budget will provide the perfect opportunity to tackle these. With the national debt now at £130,000 per household and the interest bill at £39bn per annum, time is clearly of the essence.”
ICAEW CEO, Michael Izza's reaction to Philip Hammond's Spring Budget 2017, alongside and initial analysis of the implications the announcements for the economy, taxes, public finances and businesses.
Reaction and expert analysis of the tax announcements in the Spring Budget 2017 from ICAEW's Tax Faculty.
Tune in at 12.30pm on Friday 10 March for a live video broadcast from the ICAEW's Tax Faculty. Technical Managers Anita Monteith, Jane Moore and Sue Moore from the faculty will provide analysis and discussion of the key announcements effecting tax practice and policy from the Spring Budget.
Technical managers from ICAEW Tax Faculty provide a summary of all the new announcements relating to tax in the Spring Budget of 2017, covering: Making Tax Digital; business and company tax; personal and employment taxes; pensions and savings; VAT and duties; avoidance, evasion and compliance.
ICAEW Tax Faculty provide a comprehensive summary of the announcements relating to tax in the Spring Budget 2017, the final ahead of the trigger of article 50 which will see the UK leave the European Union.
Chancellor Philip Hammond delivered his final Spring Budget on 8 March 2017.
This is a summary of the announcements on tax and related matters. It has been prepared by the ICAEW Tax Faculty team, with an overview by Frank Haskew, and edited by Jane Moore.
The Budget documents include details of changes which have been announced previously. This summary focuses on new announcements.
The Finance Bill 2017 (FB 2017) will be published on Monday 20 March 2017, together with some new consultations. The Tax Faculty will publish a summary of the Bill clauses and of the new consultations and other announcements.