The run up to the Budget was unprecedented in many ways – so many briefings (and counter briefings), a lot of kite-flying, u-turns on policies which had not themselves been formally announced and then the release of the Office for Budget Responsibility’s report before the Chancellor even stood up to start her speech.
We always knew that there were going to be no giveaways in the Budget, even with a (slightly) more positive backdrop, as the Chancellor was committed to meet their fiscal rules and ensure market stability. And we expected some pain – the one-off hefty changes had been ruled out, but we knew that these would be replaced by the more subtle changes scattered across the tax framework.
But what did we get? Well, a lot of what we expected, some things that we didn’t, but no rabbits out of the hat… as they had already escaped! Read more by following the links below.
Target set on property, savings and dividend income
Employee ownership trusts… only half as good as they used to be
Incorporations brought under the microscope
Not much new for inheritance tax
If you would like to discuss this in further detail, please get in touch with your usual contact or e-mail us at experts@tacs.co.uk.
