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With the Chancellor preparing to deliver his autumn Budget we’re inviting businesses and individuals from Devon and Somerset to find out what the announcement’s impacts might mean for them.

Brexit negotiations are continuing to cause economic uncertainty, so Chancellor Philip Hammond is expected to have a difficult Budget to present if he wants to deliver the promised balanced Budget over the coming years, with many forecasting that he cannot achieve his aims without further austerity measures or having to raise taxes. 

With neither being attractive propositions and likely to harm long-term growth it will be interesting to see how he handles this, which is why we are holding seminars in Exeter, North Devon, Plymouth and Somerset to brief people on the Budget’s main points.

Tax avoidance remains in the headlines as HMRC continues to have success in defeating aggressively sold schemes, so we fully expect further announcements in this area that, based on previously introduced legislation, is likely to have far reaching effects for all businesses.

And, following the previous back down on the proposed increase in National Insurance Contributions (NIC) for self-employed, it was interesting to see that the pledge to not increase taxes was not in the Conservatives’ last election manifesto, so it is not inconceivable, although likely to be unpopular, that there will be changes to NIC rates.

So, with the Chancellor under increasing pressure, we expect this Budget announcement to have serious consequences for businesses and individuals alike, and feel it’s imperative for our clients to be informed about any changes as soon as possible so they can prepare to meet those changes and lessen the operational impact on their finances.

The Thomas Westcott Budget Seminars take place:

Thursday, November 23, 7.45am – RAMM, Queen Street, Exeter, EX4 3RX

Thursday, November 23, 7.45am – Park Hotel, Taw Vale, Barnstaple, EX32 9AE

Thursday, November 23, 12noon – Duke of Cornwall, Millbay Road, Plymouth, PL1 3JG

Thursday, November 23, 12.30PM – Batch Country House, Lympsham, Somerset, BS24 0EX.

 

To book a seat at the seminar please email events@thomaswestcott.co.uk or call 01392 288555.