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Spring Statement 2018

23/03/2018
Spring Statement 2018
After two full Budgets in 2017, this Spring Statement was a less dramatic affair, with no announcements of tax changes.

After two full Budgets in 2017, this Spring Statement was a less dramatic affair, with no announcements of tax changes. These will come in the Autumn Budget.


The Chancellor launched a number of consultations and other papers about future proposals. The subjects ranged from ways to squeeze more tax from international digital businesses to a proposal for extending entrepreneurs’ relief to some shareholders whose holdings drop below the qualifying 5% level. He has also been mulling the possibility of lowering the VAT threshold.


Our summary includes a useful recap of the key changes for the forthcoming 2018/19 tax year that have already been announced and passed into law.