9th April 2018
The Chancellor delivered his first Spring Statement on 13 March 2018, an economic update, free of new tax and spending measures. MSI's UK London-based accounting member haysmacintyre provides an overview.
Economic and Fiscal Forecasts
Claiming to see “a light at the end of the tunnel”, the Chancellor announced the Office for Budget Responsibility’s (OBR) GDP growth forecast of between 1.3% and 1.5% for each year to 2022, together with a forecast fall in inflation. Debt as a share of GDP is forecast to start falling in 2019.
Autumn 2017 Progress Update
The Chancellor provided an update on progress since his November 2017 Budget, including:
Whilst not announcing any new tax measures today, the Chancellor did not disappoint tax professionals, who might otherwise be missing the Red Book. He has invited views on future changes to the tax system, including:
We are a full service, award winning mid-tier firm of Chartered Accountants and tax advisers in central London, providing advice to entrepreneurs, fast-growing and owner-managed businesses, charities and not for profit organisations across the UK and internationally.
View firm profile
Thank you to everyone who attended our recent Americas Regional Meeting in Chicago and to our host firms @lplegal a… https://t.co/xndP54oA92
RT @MSIANZ: The Federal Government's low and middle-income tax offset that is already legislated will result in a maximum return to taxpaye…
RT @TaylorPorter_BR: Thank you @TaylorPorter_BR MSI representative @PrestonCastille for his work with @MSI_Global - a network of 250 legal…