What manufacturers need to know
Tom Lawton, head of manufacturing at accountancy and business advisory firm BDO, reflects on Budget 2018 and the measures manufacturers need to be aware of.
Key highlights for professional services firms
Did you welcome the Budget announcement with alacrity? As expected, the headlines offered little surprise to professional services firms. Particularly significant however for was the announced delay to the introduction of the off payroll labour rule. We discuss this in more detail below and highlight the other key changes for professional services firms to consider.
The main announcements affecting private equity and the businesses backed by PE are mainly those related to the changes to Entrepreneurs’ Relief (ER).
When it comes to retail, there are two topics that dominate the news - huge online retailers don’t pay enough tax and small businesses are being crippled by business rates. Overall, it was a mixed bag for the high street
Technology & Media
Hammond’s digital services tax puts UK competitiveness at risk
Philip Hammond announced what he believes is the answer to the tech titans tax problem, with a measure that goes further than most tax regimes around the world: a new digital services tax which takes two per cent of UK revenues from profitable tech platforms generating a global turnover of more than £500m.
BDO in the news