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Budget 2018 Report

Read a comprehensive break down of the announcements relating to tax in the Budget 2018, covering: business tax; personal and employment taxes; pensions and savings; VAT and duties; and rates and allowances.

Get the full report

Read the complete report from the Tax Faculty on the 2018 Budget.

The Chancellor of the Exchequer delivered his Budget on 29 October 2018.

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.

All the government announcements and publications can be found on gov.uk. There is also a page with links to all the 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.

ICAEW has a UK Budget 2018 page which brings together our commentary on all aspects of the Budget.

The Finance (No. 3) Bill 2017-19 (referred to here as FB 2018-19) will be published on 7 November 2018. This Bill will become Finance Act 2019.

Further analysis