UK Autumn Budget 2017

The Chancellor has presented his first Autumn Budget in the new annual tax policymaking cycle. Our experts share their thoughts and opinions on the key outcomes and the potential impact for you.

Philip Hammond has promised to make work pay while ensuring families can keep more of the money that they earn. We share our analysis of the key topics, including further increases to the personal allowance and higher rate threshold, measures to reduce tax avoidance using offshore structures and taxing gains made by non-residents on UK property. Further updates will be provided throughout the coming days and weeks.

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In his Budget speech, Philip Hammond reported on a growing economy and resolved to look forward and embrace change. There were, however, limited new personal tax announcements. We have seen some interesting administrative changes, including the removal of the ability to purchase a certificate of tax deposit and the new points-based approach to penalties for late or missing tax returns.

Many of the changes have been well trailed, such as the new anti-avoidance rules relating to the taxation of trusts for which draft legislation has been previously published.

One new significant announcement is HMRC's plan to tax gains on non-resident disposals of all UK property from April 2019. The Government will also consult on extending the off-payroll working reform to the private sector, although given the many teething problems the public sector has encountered, this may not be welcome news.

For our analysis on what the Autumn Budget means for businesses, visit our Business area

Budget 2017 summary and commentary

Budget 2017 insights

Autumn Budget: impact on individuals and personal financial planning
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Autumn Budget: impact on individuals and personal financial planning

Key changes from the Autumn Budget 2017 that will affect families and individuals in the coming year

UK Budget 2017 impact on businesses
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Scale-up businesses left wanting more at the Autumn Budget 2017

Disappointing day for SMEs and scale-ups as Hammond sidelines them

Budget impact on business tax
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Autumn Budget long on politics, short on numbers

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Autumn Budget 2017 IHT
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Missed Budget opportunity for sharing wealth across generations

Why the Chancellor has missed a trick by not making easier it to pass wealth from one generation to the next

The impact of the Autumn Budget 2017 on owner managed businesses
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Looking after tomorrow's businesses today?

The impact of the Autumn Budget 2017 on owner managed businesses

Four Budget announcements people may have missed
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Four Budget announcements people may have missed

Smith & Williamson’s private client tax partners highlight four Budget announcements people may have missed

Autumn Budget 2017: Reaction and comment
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Autumn Budget 2017: Reaction and comment

Our experts provide their immediate reaction to Chancellor Philip Hammond's Autumn Budget.

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