Summary of the Chancellor's Spring Statement 2018

Spring Statement Summary 2018

The 25 minutes of Mr Hammond’s first Spring Statement came as a welcome relief after 2017 – a year that that contained two Budgets and three Finance Bills. The Spring Statement was relatively brief, whereas previous Chancellors have used their Autumn Statements as mini-Budgets. Instead, it was what the Autumn Statement was originally meant to be: a between-Budgets review of the public finances…

Our summary covers the following;
UK economic update
Corporate tax and the digital economy
Future of digital payments
Financing growth in innovative firms
VAT threshold
Entrepreneurs’ relief
Income tax in Scotland
UK income tax
Inheritance tax
Pensions – lifetime allowance

Spring Statement Summary 2018

If you wish to discuss your finances or any of the issues raised in our Spring Statement Summary, please get in touch.