What the Chancellor is asking

Because Mr Hammond announced no tax changes, the focus of the March 2818 Spring Statement via consultation was on potential alterations to the UK tax system for the Autumn Budget.

At a glance

The Chancellor will be consulting on: -

Allowing entrepreneurs' relief on gains made before dilution
Taxation of self-funded work-related training
Extension of security deposit legislation
Cash and digital payments
Tackling the plastic problem
Online platforms' role in ensuring tax compliance by their users
Enterprise investment scheme knowledge-intensive fund
Business rates
Corporate tax and the digital economy
VAT registration threshold
VAT collection
VAT, air passenger duty and tourism in Northern Ireland

Further details

The following link gives a detailed guide to what the Chancellor has in mind: -

http://pwpublishing.practiceweb.co.uk/premierPWP_SpringStatement2018_purple2.pdf

Happy reading.

Budget