Budget Hub 2018

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Budget 2018 First Thoughts

The Chancellor has delivered his last Budget before Brexit, and still he managed to produce a few surprise measures among the inevitable re-announcements. The most significant measures included:

  • Income tax - personal allowance and higher-rate threshold increased a year early.
  • Entrepreneurs' Relief - changes to qualifying period of ownership.
  • Entrepreneurs' Relief - changes to definition of 'personal company'.
  • Capital Allowances - Annual Investment Allowance increased to £1 million for two years.
  • Digital Services Tax to be introduced from April 2020.
  • "IR35 Reforms" for private sector from April 2020.

Please click "read more" below to read the full update from the Budget 2018. 


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