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Budget Tag

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HMRC has published its annual assessment of the cost of tax reliefs. Every January HMRC publishes a table of ‘Estimated costs of principal tax reliefs’. Any Chancellor facing a budget deficit is bound to run his eyes down the list to see where the money is...

05 March, 2018 /

There will be no Spring Budget this March, but that does not mean the Chancellor is staying silent. On 13 March, the Chancellor will present a Spring Statement to the House of Commons, not a Budget. The next Budget should be in the autumn, probably November....

26 February, 2018 /

This is the time of year to review your pension contributions. February and March are rightly popular times for reviewing and making pension contributions. By this stage you should have a good idea of what your income for the tax year will be and how much...

19 February, 2018 /

Investors and their advisers should start to turn their focus to the end of the tax year on 5 April. ISA contributions have historically always been focused on the end of the tax year. This is the case even though it would make more sense to...

12 February, 2018 /

Last month saw another Budget – for Scotland, this time.  The Scottish Budget in the middle of December contained potential omens for the whole of the UK with its proposed changes to income tax bands and thresholds. In the foreword to the main Budget document,...

22 January, 2018 /

November marked the first rise in the Bank of England Base Rate in over ten years. At the start of November, the Bank of England raised its base rate for the first time since 5 July 2007. Just over a decade ago, the previous increase...

25 December, 2017 /

The Autumn Budget included a raft of measures focused on venture capital schemes. The writing was always on the wall after a Treasury consultation issued in August posed the leading question, “Are there areas where the cost effectiveness of current tax reliefs could be improved,...

18 December, 2017 /

The Autumn Budget contained more bad news for many buy-to-let investors which went largely unnoticed.  April 2018 will see the next step down in mortgage interest relief for investors in buy-to-let (BTL) residential properties. The amount of interest that can be offset against rental income...

11 December, 2017 /

Statistics show that dividends from UK shares are still rising rapidly.   Source: Capita Asset Services. Overall 2017 figure is Capita estimate The latest quarterly ‘UK Dividend Monitor’ from Capita Asset Services paints a rosy picture for income-seeking investors in UK shares. As Capita noted, “Companies are...

27 November, 2017 /

The Chancellor has announced the date of his first Autumn Budget as Wednesday 22 November. The second Budget of 2017 will be both Mr Hammond’s first Autumn Budget and the first Budget after the general election. Traditionally, the first Budget of a new parliament is the chance...

23 October, 2017 /