Budget update: March 11th is a date for your diary

posted on January 31, 2020in the Blog Category

Budget update: March 11th is a date for your diary

The date of the 2020 budget has been announced.

With the General Election being held in December, the Autumn Budget was delayed and Chancellor Savid Javed has now confirmed he will deliver his first Budget on the second Wednesday in March.

We are expecting that the tax measures in the Conservative Party manifesto will be announced again together with confirmation that changes consulted on last year will be put in place.

Key tax announcements to listen out for include leaving the rate of corporation tax at 19% and an increase in the national insurance threshold. It is unlikely that the planned roll out of the “off-payroll” working (IR35) rules to the private sector will be delayed.

The Chancellor is also expected to again announce a u-turn on the 2019 loan charge following a review of the legislation by Sir Amyas Morse.

AvatarWritten By: Mandi Mottershead

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