We are pleased to bring you our summary of the tax measures set out in Budget 2019.
The Budget speech focused more on spending announcements than on taxation measures. The personal tax changes announced are modest and aimed at low- and middle-income earners. There were few new taxation measures announced for businesses, but the Brexit supports announced may be of benefit to some. Budget 2019 sees the first indication of the Government’s approach to implementing the Anti-Tax Avoidance Directive with the introduction of an exit tax and the promised introduction of controlled foreign companies rules. More changes are expected in Finance Bill 2018, which is to be announced on 18 October.
Should you have any taxation or business questions, our experienced team will be happy to share their insights with you.
Capital Acquisitions Tax