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Budget calculator: How will the Budget affect you?

Use our Budget calculator, developed by Deloitte, to find out how the tax measures may affect you in the coming year.Some changes will not be seen until future financial years and are not included in this calculator. If you can’t see the Budget calculator above, click or tap here. …

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Budget 2017: Business rates to be pegged to CPI from 2018

A planned cut to business rate rises in England has been brought forward by two years to 2018 by the chancellor.From April, rates will rise in line with the lower Consumer Prices Index (CPI) measure of inflation, not the Retail Prices Index (RPI).The move is worth £2.3bn to businesses …

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Budget 2017: UK growth forecast cut sharply

Growth forecasts for the UK economy have been cut sharply following changes to estimates of productivity and business investment.The Office for Budget Responsibility (OBR) now expects the economy to grow by 1.5% this year, down from the estimate of 2% it made in March.Growth, it says, will drop to …

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Budget 2017: Tech giants targeted over VAT payments

The government is to take steps to stop VAT avoidance by multinationals that shelter their income abroad and also by sellers on online websites.From April 2019, companies such as Google, Amazon and Apple will have to pay tax on royalties relating to sales they make in the UK.The move …

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