Today marked the first November Budget since 1996. Back then, Ken Clarke cut a penny off the basic rate of income tax, in what some sceptics branded a thinly-veiled pre-election bung.
Roll forward to 2017, and there were no big giveaways from Chancellor, Philip Hammond, save, perhaps, for the annoucement of an abolition of stamp duty land tax for first-time buyers on purchases up to £300,000 (or for the first £300,000 on purchases of up to £500,000).
Elsewhere, there were the usual announcements on personal allowances, and tax thresholds, and a welcome freezing of beer and alcohol duties (!) but other than that, this was a fairly ‘light’ Budget.
As usual, we are pleased to outline our ‘Budget Top 10’ – a summary of the main announcements we think will be of interest to clients and professional contacts alike. Please click the link below to view the document.
For further details or to discuss how today’s announcements might affect you or your business please get in touch with your usual Forbes Dawson contact.
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