The Budget

What are the predictions for the Autumn Budget 2017?

Changes to Stamp Duty Land Tax (SDLT)
This could really go 1 of 2 ways...
  • Some believe it should be removed for older homeowners, encouraging them to downsize, freeing up homes for younger families.

  • Or, alternatively, put the responsibility on the seller instead of the buyer, therefore those moving up the ladder would pay SDLT on their lower priced property rather than the one they’re buying, this would also benefit first time buyers trying to get on the housing ladder.
Pension Tax Relief
It is thought they could move to a flat rate of 33% which would hit middle earners the hardest.

Cuts to Enterprise Investment Scheme (EIS) & Seed Investment Schemes (SEIS)
With both of these schemes under review it's thought they could be cut from 30% to 20% 

Reduction in the threshold for VAT
There are proposals to from the Office of Tax Simplification to reduce the VAT registration limit in order to capture more small businesses and increase tax revenue. 55% of small businesses are below the VAT threshold. See our blog on this topic for more information: VAT threshold to be reduced.

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We update our blog on a weekly basis, see below for our Budget blogs

Below we've compiled our blog series on the budget announcements, full of tips and advice to ensure you keep up to date with government changes that could effect you and your small business.

Our latest blog

by Carole Jordan 13 Nov, 2017

There are proposals to reduce the VAT registration limit to capture more small businesses and increase tax revenue. 55% of small businesses are below the VAT threshold. Find out how you could be effected.

by Carole Jordan 24 Apr, 2017

This is the most generous tax relief available and is targeted at businesses who are developing new ideas and growing the body of knowledge in their industry and beyond. This is relevant to the future, and any work done in the last two years.

by Carole Jordan 17 Mar, 2017
´╗┐Business properties have been revalued for rates. In general values are increasing but some will see reductions. The rate multipliers have gone down each year for the last 3 years so the amount due may not change very much.
by Carole Jordan 16 Mar, 2017
In his Budget 2015 the chancellor George Osborne changed the basis of dividend tax and increased tax on business owners with effect from April 2016. Now dividend tax is seeing a further increase!
More posts

What changes were made in the Summer Budget 2017?

Our governing body ACCA have created a great guide to help you understand the changes from the Summer Budget 2017. 

Download the guide for free now.
Budget Guide

free tax Card 2017-2018

Enter your email above to download our free tax card, full of rates and useful figures to get you through the new tax year.
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