It will be nearly 18 months since the last Budget and in the meantime we will have had three different chancellors following the unexpected resignation of Sajid Javid. The early years of a new Parliament are a good time to make radical changes and many are predicting significant tax announcements later today. With interest rates cut this morning (base rate down from 0.75% to 0.25%) and increasing concern about Covid-19, we hope for measures that will help small business and reduce harm to the environment in the budget this afternoon.
As with all of our tax tips and web pages this information is necessarily summarised and of a general nature. If you would like detailed specific advice please contact us