The Chancellor Philip Hammond presented his second Autumn Budget on Monday 29 October 2018. In his speech he stated that ‘austerity is coming to an

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a

Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and 20%

Off-payroll working in the private sector The changes to IR35 that came into effect in April 2017 for the public sector will be extended to

The personal allowance The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. Comment There is a reduction in the personal

Extension of offshore time limits Draft legislation has been issued to increase the assessment time limits for offshore income and gains to 12 years. Similarly the time