VAT and indirect taxes

The headline-grabbing announcement of the Budget was the abolition of Stamp Duty Land Tax (SDLT) for many first-time buyers, along with amendments to the higher rate of SDLT for additional residential properties to make it fairer for purchasers in cases such as those relating to divorce.

Few significant VAT policies were announced. The Government confirmed the current VAT registration threshold will be reviewed but will remain unchanged at £85,000 for two years. There will be a focus on sales via digital platforms, starting with an increase in HMRC's powers to tackle VAT evasion by online market place sellers.

 

Full budget commentary and analysis

Download the PDF

Autumn Budget 2017 - Tax rate card

Download the PDF

Related content

VAT services

VAT services

Advising on the VAT treatment of your goods and services, and on VAT issues relating to transactions and business structures.

United Arab Emirate VAT rules
Article

UAE VAT legislation

On Sunday 27 August 2017 the UAE VAT Law was published. This article outlines key changes for those with business operations in the region in an update from our Gulf Cooperation Council tax team.

Accounting and regulatory advice

Accounting and regulatory advice

​Keeping up to date with accounting and regulatory requirements in an ever-changing, complex environment is essential for your business.

Smith & Williamson websites use cookies. Find out about cookies here. By continuing to browse this site you are agreeing to our use of cookies.