Philip Hammond, Chancellor of the Exchequer, has confirmed that the next Budget will be held on Wednesday 22 November.
The Budget will set out the government’s plans for the economy based on the latest forecasts from the Office for Budget Responsibility (OBR).
Addressing the Lords Economics Affairs Committee this week, the Chancellor said that the UK economy had “inevitably been overshadowed by the uncertainty of the Brexit negotiation process”, saying it was important to “generate some clarity about the future for business and consumers.”
As always, our business and tax experts at Beavis Morgan will be on hand to provide commentary and a summary of the key tax changes and what they mean for you and your business.
Follow us on Twitter for live updates @BeavisMorgan or email mailto:georgina.swain@beavismorgan.comto receive a full copy of our Budget summary report when it comes available.
If you have any concerns or queries relating to the announcements made within the Spring Budget, our tax experts are available to guide you through the tax maze and help you with bespoke solutions to ensure that you and your business are as tax efficient as possible.
Note: Following the Chancellor’s announcement at Autumn Statement 2016, there will now only be one fiscal event in each year, held in the Autumn. From 2018 there will be a Spring Statement, responding to the forecast from the OBR, but no major fiscal event.
