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Markel Tax

23 Nov 2017

Our Comprehensive Autumn Budget 2017 Review

Today Philip Hammond delivered the first Autumn Budget reporting on an economy that “continues to grow, continues to create more jobs than ever before and continues to confound those who seek to talk it down”. Similar to the last Spring Budget it was a speech light on tax content, but there were some significant announcements.

The main headline announcement is the abolition of Stamp Duty Land Tax for first time buyers although measures to tax the digital economy will probably be of more interest to most tax advisers. Other changes include an increase in research & development relief and changes to the Enterprise Investment Scheme limits.

The team at Gabelle have once again worked all evening to put together our summary. Once the Finance Bill 2018 is published on 1 December 2017 we will provide further comment on the more salient measures.

We hope you enjoy reading our analysis and if you want to talk through any of the detail please speak to one of the team.



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23 Nov 2017

Autumn Budget 2017: Removal of indexation allowances for limited companies