Autumn Budget 2017 Report
Technical managers from ICAEW Tax Faculty provide a comprehensive summary of the announcements relating to tax in the Autumn Budget 2017, covering: business tax; personal and employment taxes; pensions and savings; VAT and duties; and rates and allowances.
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.
All the government announcements and publications can be found on gov.uk on its Autumn Budget 2017 page. There is also a page with links to all the HMRC tax-related documents and announcements.
The main Budget documents are the Red Book, which summarises the Budget announcements and policy decisions, and the Overview of Tax Legislation and Rates (OOTLAR), which sets out details of each policy announcement.
The Finance (No. 2) Bill 2017-19 (referred to here as FB 2017-18) will be published on 1 December 2017. This Bill will become Finance Act 2018. Some of the measures mentioned in the Budget will be included in Finance (No. 3) Bill 2017-19 (referred to here as FB 2018-19) which will be published in autumn 2018 and legislated as Finance Act 2019.