Randall & Payne’s essential Budget Day round-up
PUBLISHED: 10:10 24 November 2017 | UPDATED: 10:10 24 November 2017
Over 100 delegates from across the region joined Randall & Payne at Kingsholm Stadium for our sixth Budget Day event, where they debated, discussed and tried to make sense of what the Chancellor revealed in the Autumn Budget
Randall & Payne concluded it was a fairly uneventful Budget, but led to some key announcements that will begin to take effect over the coming months:
• The Making Tax Digital timescale has not changed.
• The personal income tax allowance and higher rate threshold will rise to £11,850 and £46,350 respectively from April 2018.
• Stamp duty will be abolished for all first-time buyer purchases up to £300,000.
• Fuel duty will be frozen again for both petrol and diesel.
• Schools will get an additional £600 per pupil taking A-level maths.
• Over £80m has been pledged to train 12,000 computer science teachers.
• A new crackdown on tax avoidance and evasion forecast is set to raise £4.8bn by 2022/23.
• A raft of investment has been pledged for technology, innovation and housing initiatives.
Visit the Randall & Payne blog to see what their experts made of it all.