2017 Buffery & Co – Autumn News

Philip Hammond, the Chancellor of the Exchequer, will deliver his next Budget speech on 22 November 2017. This will not be a half-hearted Autumn Statement, but a full-thrust Budget, with proposals designed to brace the economy for Brexit turbulence.

Hammond decided to move the main Budget event from the Spring to the Autumn to allow time for consultation on new tax measures before they are implemented from April 2018. This should avoid the retrospective imposition of tax changes, which tends to happen when draft tax law is released in March to apply from the next 1 or 6 April, but the Finance Act introducing that law is not passed until July.

Read our 2017 Autumn News