Telephone: 01926 512763 | Fax: 01926 851261 | Email: flemons@flemonsaccountancy.co.uk

Spring Statement 2019

Amidst all the Brexit debates, the Chancellor Philip Hammond presented his second Spring Statement on Wednesday 13 March 2019.

In his speech the Chancellor provided an update on the economy and responded to the Office for Budget Responsibility forecasts. In addition he launched consultations on various aspects of the tax system together with updates on earlier consultations.

In our report we concentrate on the tax consultations that were announced either at Spring Statement or in recent weeks and progress that has been made in the development of legislation from earlier consultations.

We also remind you of tax changes which take effect for 2019/20. The new timing of the Autumn Budget allows the announcement of most new measures well in advance of the tax year in which they are due to take effect.

Our Spring Statement 2019 summary focuses on the issues likely to affect you, your family and your business. To help you decipher what was announced we have included our own comments. If you have any questions please do not hesitate to contact us for advice.

MTD for VAT

07 Apr 2019

HMRC is phasing in its landmark Making Tax Digital (MTD) regime.

Reporting Benefits in Kind - Forms P11D

07 Apr 2019

The forms P11D which report details of benefits and some expenses provided to employees and directors for the year ended 5 April 2019, are due for submission to HMRC by 6 July 2019.

Additional Brexit advisory documents for small businesses

07 Apr 2019

The government has published additional documents containing advice on Brexit for UK small businesses.