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Autumn Budget 2017 : SMALL BUSINESS EDITION

The Autumn Budget posed some challenges for Mr Hammond, as the self-employed listened carefully for announcements on the likes of VAT, business rates, and investment. Here's our key points for Small Businesses: Overall economic outlook: The UK’s growth forecast has been cut to 1.5% from 2%. GDP forecasts have been cut to 1.4%, 1.3%, and 1.5% for the following years. The UK will set aside £3 billion for possible Brexit outcomes. Borrowing is forecast to fall from this year on. Debt will hit a peak of 86.5% of GDP this year, and will fall in following years. Personal taxation: The tax-free personal allowance will increase to £11,850 from April 2018. The threshold at which taxpayers pay th

Autumn Budget 2017: LANDLORD EDITION

Landlords can breathe a sigh of relief following the Budget, as the Chancellor resisted introducing any further tax changes on landlords. It’s something this government has frequently done in recent Budgets, notably including a reduction in the tax relief that they can claim and a three per cent stamp duty surcharge. The only real notable mention for landlords in Philip Hammond’s Budget referred to the launch of a follow up consultation into encouraging landlords to offer longer-term tenancies. Industry experts are supportive of longer tenancies, especially if they’re combined with attractive tax perks – such as tax relief for those landlords offering such deals. Despite landlords featuring

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