Autumn Budget 2018

This years Autumn Budget is shaping up to be like no other. 

In an interesting move, the Chancellor of the Exchequer, Phillip Hammond, has announced that he will deliver his Autumn Budget on Monday 29th October 2018.

This is of course a challenging time to be setting budgets – a week after a Brexit summit in Brussels and before another key Brexit summit mid-November.

Maybe this will be the calm before the storm?

Whilst we cannot accurately predict what will be announced on Budget day, recent trends have resulted in a few predictions:

  • No longer scrapping Class 2 National Insurance
  • Changes to the operation of Capital Gains Tax on property sales
  • Focus on Inheritance Tax (IHT)
    • Removing the new residence Nil Rate Band or at least simplifying it 
    • Changes to rules regarding regular gifts from income
    • Update to Business Property Relief (BPR)

Of course, no one really knows what will be announced until Phillip Hammond makes the speech himself.

We will keep you posted

At A4G, we’re all about the advice and not just the numbers. That's why our tax experts will be writing an exclusive summary immediately after the Chancellor’s speech and have it in your inbox on the very same day! In this summary, we will get to the heart of what the Autumn Budget really means for you and your business, without all the biased news headlines.

Alongside this, we will be sharing our predictions in the run up to the Autumn Budget here and providing detailed insight and commentary on Twitter.

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