1. Insights
  2. Autumn Budget 2018

Autumn Budget 2018

Analysis and commentary from Smith & Williamson’s team of experts, identifying the key changes and outlining the practical implications for you and your business.


Download Autumn Budget 2018 Report
The 2018 UK Budget was announced on 29 October by the Chancellor of the Exchequer, Philip Hammond. 

Trailed by the Treasury as an opportunity to “build a stronger, more prosperous economy” and the last Budget before the UK is scheduled to leave the European Union on 29 March 2019. 

Our analysis and commentary can be found below and you can also follow our expert reaction as it happened via our Budget 2018 Twitter moment.  

If you are a journalist and would like further commentary or to arrange an interview, please contact Ben Mitchell or Mark Gee in our Press Office.    
 

Budget 2018 commentary

Business taxes

A new digital services tax announced along with a number of changes to capital allowances rates

Capital taxes

Restrictions to private residence relief and entrepreneurs’ relief announced.

Income tax

Personal allowance and higher rate threshold to increase from 2019/20, a year earlier than expected

Payroll and employee incentives

Déjà vu for employment taxes, as off-payroll working and termination payments reform are delayed

VAT and indirect taxes

The VAT registration threshold is to remain unchanged and new anti-avoidance measures have been introduced

Budget reprieve: Use reliefs while they are still available

An overview of the valuable reliefs available – for now

Budget 2018 Insights

Nom Doms
Article

A chance for international private clients to take stock

International private client

Real Estate
Article

Relatively few surprises for a real estate industry already adapting to a number of taxation changes

Real estate

Professional Practices Autumn Budget 2018
Article

Professional practices: Tax changes to support business investment

Professional practices

Individuals Autumn Budget 2018
Article

All quiet on the personal tax front save some minor adjustments to existing rules

Individuals

Owner Management Business Budget 2018
Article

Mixed bag for owner managed businesses which included some helpful benefits in specific scenarios

Owner managed businesses

Financial Services Autumn Budget
Article

Not too many surprises coming out of the 2018 Budget for the financial services sector

Financial services

International and large corporate budgets
Article

Further regulation for large corporates and international businesses, but there are some positives!

Corporates and international businesses

Trusts Budget 2018
Article

Trustees – the art of consultation and minor changes to existing rules

Trusts

Enabling Entrepreneurs
Article

Budget 2018 heralds welcome commitments for entrepreneurs

Entrepreneurs

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