The Budget is one of two major speeches that the Chancellor of the Exchequer makes each year announcing the government’s economic plans.
The Government have announced that the Spring Budget 2017 will take place on Wednesday 8th March 2017, usually at around 12:30pm.
However, after the 2017 Spring Budget, there will be some changes. In the 2016 Autumn Statement, Phillip Hammond (Chancellor of the Exchequer) announced that this would be the last Autumn Statement. This also means that the Budget due in 2017, will also be the last Spring Budget.
The Autumn Statement will instead be replaced by an Autumn Budget and the Spring Budget will be replaced be a Spring Statement. The move is designed to give the government more time to legislate tax changes set out in the budget before the start of the fiscal year.
If you would like to have a read of A4G's Tax Partner, Wes' predictions of what will be announced in the Budget, have a read of this blog post.
At A4G, we’re all about the advice and not just the numbers. That’s why our Tax Partner, Wes Mason, will be writing an exclusive summary immediately after the Chancellor’s speech in Spring and have it in your inbox on the very same day! In this summary, we will get to the heart of what the Spring Budget really means for you and your business, without all the biased news headlines.
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