This Summary covers the key tax changes announced in the Chancellor’s speech and outlines their likely impact on the average taxpayer.

Alongside our text we have included tips which you may want to consider. At the back of the Summary you will find a calendar of the tax year with important deadline dates shown.

We recommend that you review your financial plans regularly as some aspects of the Budget will not be implemented until later in the tax year. We will, of course, be happy to discuss with you any of the points covered in this report, and help you adapt and reassess your plans in the light of any legislative changes.

Download our Budget Review PDF here.

One of the most striking announcements, trailed in advance in the press, was the proposed ‘abolition of tax returns’. To discuss this or any of the other points raised in the report, please Contact Us.