Slower growth in the economy and in productivity means a poorer outlook for tax receipts, as a detailed examination of the new official forecast by David Smith reveals.
The immediate excitement of the Budget if that is the right expression for a Philip Hammond presentation has died down. And though Budgets are meant to be about tax this one was mainly about decisions on public spending; for the National Health Service Brexit preparations universal credit housing and equipping the country with better skills.
There is however always something interesting in the detail of Budgets and some of that detail in this one related to taxes. The chancellor’s overall giveaway roughly £25bn over the next five years did include £6.9bn of net tax cuts although you might not have noticed them. Much of that was due to the decision...
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Slower growth in the economy and in productivity means a poorer outlook for tax receipts, as a detailed examination of the new official forecast by David Smith reveals.
The immediate excitement of the Budget if that is the right expression for a Philip Hammond presentation has died down. And though Budgets are meant to be about tax this one was mainly about decisions on public spending; for the National Health Service Brexit preparations universal credit housing and equipping the country with better skills.
There is however always something interesting in the detail of Budgets and some of that detail in this one related to taxes. The chancellor’s overall giveaway roughly £25bn over the next five years did include £6.9bn of net tax cuts although you might not have noticed them. Much of that was due to the decision...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
