Editorial team AccountingWEB.co.uk
In association with
Share this content

On Compliance podcast: Spring Statement tax implications

16th Mar 2018
Editorial team AccountingWEB.co.uk
In association with
Share this content
Chancellor of the Exchequer, Philip Hammond
iStock_Philip Hammond_2010 Getty Images
Chancellor of the Exchequer, Philip Hammond

This week brought the government's first Spring Statement, a move designed to bring us back down to one fiscal event a year.

With no major tax and spending changes trailed, tax enthusiasts were expecting slim pickings from the Chancellor. However, 13 consultations and calls for evidence published in the immediate aftermath of Philip Hammond's speech gave the experts plenty to discuss.

Joining AccountingWEB editor Tom Herbert on the podcast were Chas Roy-Chowdhury, head of taxation at ACCA global, Mark Purdue, product manager - tax products at Thomson Reuters, and Alan Soady from the Federation of Small Businesses.

Topics discussed included:

  • The taxation of digital businesses
  • The VAT threshold consultation
  • The consultations on the taxation of self-funded training
  • A more grown-up approach to tax policy? More certainty for businesses or a missed opportunity to make bold decisions?
  • The lack of a consultation for off-payroll working (IR35) for the private sector

You can listen to the podcast by clicking the play in the window at the top of this page, visiting our Soundcloud page or subscribing to this podcast via iTunes, aCast, Soundcloud or your podcasting app of choice.

To find out more about how Thomson Reuters can help your firm click here.​

Replies (1)

Please login or register to join the discussion.

By Roy Mills
21st Mar 2018 12:56

Spring Statement 2018 - Consultation on VAT threshold - it is not understood why this has been announced as this was a major discussion point in the MTD consultation earlier - no thought seems to have been given to the effect that this will have on the operation of MTD if the VAT threshold is lowered. The argument has been made that our registration limit is much lower than the rest of the EU but surely this was equally true when VAT was introduced in VATA 1994

Thanks (0)