Budget

 


This is a summary of the debate on The Budget and the wider economic situation in the House of Lords this week. This debate happened two weeks after Chancellor Philip Hammond delivered his speech on November 22. Conservative speakers focused on supporting the stamp duty cut and other tax changes. while Labour peers spoke on a variety of topics. It was quite a scattergun debate with very few exchanges on tax, in contrast to the debates in the Commons on The Autumn Budget.

 

The Autumn Budget 2017 was delivered by the Chancellor on November 22. This is our summary of the four ensuing debates in the House of Commons on The Autumn Budget 2017 Resolutions and wider economic situation. 

In partnership with Bloomberg BNA five leading CIOT members have written analyses of the measures in Autumn Budget 2017. Tina Riches of Smith and Williamson, Chair of CIOT's Owner Managed Business Sub-committee, looks at measures in the Budget that may impact on small businesses.

In partnership with Bloomberg BNA five leading CIOT members have written analyses of the measures in Autumn Budget 2017. Glyn Fullelove of Informa, Chair of CIOT's Technical Committee, looks at Budget announcements that may affect large businesses.

In partnership with Bloomberg BNA five leading CIOT members have written analyses of the measures in Autumn Budget 2017. John Barnett of Burges Salmon LLP, a CIOT Council member, looks at Budget changes likely to affect high net worth individuals.

In partnership with Bloomberg BNA five leading CIOT members have written analyses of the measures in Autumn Budget 2017. This piece, by CIOT Head of Technical Richard Wild, looks at the VAT measures in the Budget.

In partnership with Bloomberg BNA five leading CIOT members have written analyses of the measures in Autumn Budget 2017. This article by Susan Ball of Crowe Clark Whitehill, a CIOT Council member, looks at the taxation of employment in relation to announcements in the Budget.

Following criticism, including by some Conservative MPs, of his decision to raise Class 4 National Insurance (paid by the self-employed), Chancellor Philip Hammond announced in a parliamentary statement that he would be dropping the proposal. The u-turn was welcomed by MPs across the political spectrum.

The CIOT has produced a summary of last week's debates on the March 2017 Budget, in the House of Commons. The Budget will continue to be debated this week.