UK Budget

Top slicing changes

As announced in the Budget 2020, new legislation has been introduced to clarify the top slicing calculation for gains made on or after 11 March 2020.

Spring 2020 Budget summary

Rishi Sunak’s first Budget took place against the backdrop of the global outbreak of COVID-19. Not surprisingly the UK’s response to this was the initial focus – providing some much needed short term financial measures in the current uncertainty, from ensuring the NHS has sufficient budget to cope, to extending statutory sick pay rules that affect millions of workers.

Autumn 2018 Budget summary

Monday saw Philip Hammond’s third Budget and his last before we find out what’s in store with the final deal on Brexit. The Chancellor also left the door open for a Spring Budget in case the Brexit outcome is a ‘no deal’.

Autumn budget 2017

A summary of the key announcements form the Autumn Budget 2017.

Finance Bill 2017 - 2019 tax measures resurrected

Finance Bill 2017 - 2019 resurrects tax changes withdrawn from Finance Act 2017 due to the election. This article shows some of the key tax measures.

Finance bill (no.2) 2017 – items removed

The decision to hold a general election on 8 June 2017 has resulted in a number of items being removed from the Finance Bill (No.2) 2017. This article lists some of the key items which have been removed.

Spring budget 2017

For the last Spring Budget Phillip Hammond provided a few surprises from what was, on a the whole, a reasonably low key budget.

QROPS and the overseas transfer charge

The UK Government has announced a 25% tax charge that applies to certain transfers from UK registered pension schemes to QROPS.

What we already know about April 2017

This article provides a reminder of the significant number of changes that have already been announced by the Government and are due to come into effect from 6 April 2017.

Autumn Statement 2016

We weren’t expecting too many financial planning surprises in today’s Autumn Statement – and we weren’t disappointed by the new Chancellor, Philip Hammond. Much of the focus was on infrastructure and unlike his predecessor there was no big reveal.