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AUTUMN BUDGET 2017

2019-09-01T23:01:19+01:00November 25th, 2017|Categories: Budget Reports|Tags: , , , , , , , |

Chancellor Philip Hammond has delivered his first Autumn Budget under the new system he announced this time last year. The aim of the new system is for the Finance Bill, which is normally published after the annual Budget, to reach Royal Assent stage in the spring of each year, before the start of the following tax year. This change in the annual timetable is designed to help Parliament to scrutinise tax changes before the tax year where most take effect. The Finance Bill should be published on 1 December 2017. By the end of March 2018, the Office for [...]

Spring Budget 2017

2019-09-01T12:01:47+01:00March 28th, 2017|Categories: Budget Reports|Tags: , , |

SUMMARY Chancellor Philip Hammond has delivered his first, and seemingly last, Spring Budget Statement.  At the 2016 Autumn Statement, the Chancellor announced that, following the spring 2017 Budget, the government would be moving to a single major fiscal event each year. Future Budgets will be delivered in the autumn, which means there will now be a second Budget before the end of 2017 to switch to the new timetable. The aim of the new system is for the Finance Bill, which is normally published after the annual Budget, to reach Royal Assent stage in the spring of each year, [...]

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