The Chancellor George Osborne gave his budget speech (and the first Conservative majority one for some time) today. A lot of changes were announced including changes to company and personal taxation, pensions and wages.
We will be analysing the details of these changes in the coming days and will be in contact with our clients where any of these changes affect them. In the meantime if clients both existing and prospective have any queries then please contact us.
The chancellor has announced a second, ’emergency’ budget for 2015 which will be on the 8th July. The main purpose of the budget will be to begin implementing the promises made by the conservative party in their election campaign and set out the austerity measures the have planned.
We will keep our clients informed of any announcements which will affect them once the budget has been delivered.
Following the General Election result it is likely that there will be policy changes and new legislation which may affect your finances. Additional budgets are also a possibility.
We will be monitoring any announcements and will keep our clients informed of any changes and how they may be affected.
If you need any assistance with your business or personal accounting and taxation affairs then please get in touch.
As we approach what will be an important budget (being the last one before a General Election), many will be looking to see if there are any last minute details to win over voters in addition to the details which have already been set out.
As in previous years we will be sending our clients a newsletter containing detail on all the key announcements shortly after Budget Day.
If you have any queries on how any changes may affect you or your business then please get in touch.
Thank you to all our clients for the prompt provision of their tax return information which allowed us to ensure that 100% of client returns were filed by the deadline!
We will be in touch again after the end of the current tax year for the process to start all over again!