Month: December 2015

The Autumn Statement – local impact on local people

The latest budget pronouncements by the Chancellor in his 2015 Autumn Statement may accelerate increases in local council taxes over the next few years, for both homeowners and businesses. The Chancellor acknowledged the pressure on the social care system and therefore resolved to give local councils the power to increase social care funding through a...

Autumn Statement spelling out clear policy messages

According to George Osborne’s Autumn Statement and Spending Review, we all look set to face a galvanised HMRC, with an increased war chest for tackling tax evasion and avoidance. The Chancellor believes £5bn of additional revenue is expected to be raised by his new range of initiatives. Measures are planned to introduce new penalties for...

New Digital Tax Accounts are coming…

Information in the Autumn Statement indicates that by 2020 individual taxpayers may be expected to report and pay their liabilities every quarter via their new digital tax accounts. The Chancellor promised an injection of £1.3bn to deliver, “the most digitally advanced tax administration in the world” by 2020. The new Digital Tax Accounts (DTAs) will...

December Market Commentary

November brought us the Chancellor’s Autumn Statement and Spending Review in the UK – and rather more tragic events abroad. Friday November 13th saw the massacre in Paris, which was inevitably followed by an escalation in the bombing of ISIS in Syria. World stock markets inevitably fell in the wake of the Paris attacks, but...