Fri, March 10th, 2017
As predicted, this was a more sober budget than in recent years.
Mr Hammond focused more on the figures, than the headline grabbing policies.
There were concessions on business rates, meaning those facing the biggest increases following the revaluation can apply for relief funding. This will be welcomed by those businesses facing the biggest increases.
There were delays announced in the introduction of the making digital tax regime for businesses under the VAT threshold, which will benefit the smallest businesses.
On the downside for self-employed people, they are going to be paying more National Insurance Contributions, as the Chancellor announced plans to bring contributions for the self-employed closer in line with employees.
In the latest video on Moore and Smalley TV, tax partner Tony Medcalf gives his initial reaction to the Budget in under 4 minutes. Click here to watch.