Autumn Budget 2017 Predictions


Nick Giles from our tax team will be live blogging as the Chancellor of the Exchequer Philip Hammond delivers his first Autumn Budget on Wednesday 22 November. Follow our up-to-the-minute announcements, summaries and analysis at…

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BPS Exchange Rate


The exchange rate used to calculate the Farmer subsidy has been announced and it’s had another considerable 5% increase thanks to the weak pound. The 2017 value will be £0.89. The highest it has been…

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Congratulations to Jake


Jake Holdroyd, one of our trainee accountants travelled down to London last week to have an interview at the Institute of Chartered Accountants in England and Wales (ICAEW) Headquarters to be one of ten diversity…

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Page Kirk Trainee attends ICAEW Student Council


On Saturday one of our trainees, Jake, who is a society member of ICAEW Student Council, attended one of their quarterly meetings in Milton Keynes . Jake had this to say about the meeting: “We…

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Budget Conclusion


As many predicted the Spring Budget seemed to be a warm-up for the forthcoming Autumn Budget which will be after Brexit is triggered (if it is triggered by then). National Insurance Contributions for the self-employed…

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Party of the NHS


Hammond cheers ‘We [The Conservatives] are the party of the NHS’ He has pledged an extra £2 billion over the next three years to fund Social Care with £1 billion available in 2017/18. This will…

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Increase in dividend taxation, personal allowance and higher rate threshold


The Chancellor has reduced the newly introduced tax-free dividend allowance of £5,000 to £2,000 from April 2018 thus increasing dividend tax for those with income from dividends exceeding this new allowance. The Chancellor has confirmed the proposal…

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Self Employed National Insurances


Philip Hammond has, as stated in several reports, hiked-up National Insurance Contributions for the self-employed from 2018. He has stated that the difference in National Insurance Contributions paid by those employed and those self-employed will cost the economy £5 billion…

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Making Tax Digital


Philip Hammond has touched on the subject of Making Tax Digital. A substantial change which will affect the way in which businesses and those who let property interact with HM Revenue & Customs. He will delay Making Tax…

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Office of Budget Responsibility forecasts


The Office for Budget Responsibility raised its economic growth forecasts for this year. It’s raised its expectations of the UK economy to grow a further 0.6% at 2% up from 1.4%. It is expected to…

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