We set out our key predictions for the Spring Budget on 8 March 2017.
This week will see the last Budget in springtime, following the Chancellor’s announcement at last year’s Autumn Statement that future Budgets will be moving to the autumn – with the first such Autumn Budget expected later this year. With this in mind, it remains to be seen if the Spring Budget on 8 March will simply be an update on existing initiatives as many are anticipating following the Financial Secretary’s positive response to the Better Budgets report by the CIOT, IFS and IfG in January, which encouraged the Government to stick to one major fiscal event a year – or whether the Chancellor will not be able to resist the temptation to announce new tax policy.
Ahead of the event, we set out our thoughts on what is likely to appear at the Spring budget as well as what we think should appear. This highlights our view that priority needs to be given to supporting aspects of the tax system that bolster our international competitiveness, with the guiding principle for any changes being simplification of the tax system. Our predictions cover corporate and international tax, innovation, employment tax, property tax, pensions and personal tax, and can be seen.
Our dedicated Spring Budget 2017 webpage is now live, and we will be updating the site in the run up to the day and after the event with all the key insights for you and your business. We will also be running a webinar on Thursday 9 March at 9:00am, and you can register now.
For further information please contact :
© 2018 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.