Previous Page  2 / 8 Next Page
Information
Show Menu
Previous Page 2 / 8 Next Page
Page Background

2 | Introduction

Important information

This one-off document is solely for information purposes only and nothing in it constitutes advice or a recommendation.

You should not make any decisions based on its content.

While considerable care has been taken to ensure the information in this report is accurate and up-to-date at the

time of distribution, some of the dates and deadlines may be subject to future change.

No warranty is given as to the accuracy or completeness of any information in this document, which is based on our

understanding in respect of which specific implementation details may change when the final legislation and

supporting documentation is published.

It’s been an eventful few years in British politics, but

2019 has been something else again with one jolt

after another.

The 29 March deadline for the UK to leave the EU

was extended to 31 October and then again until

31 January 2020. Boris Johnson replaced Theresa

May as Prime Minister and Sajid Javid succeeded

Philip Hammond as Chancellor of the Exchequer.

Javid was poised to deliver his first Budget on

6 November against a backdrop of constitutional

crisis but, in late October, it was cancelled as

Parliament voted in favour of holding the first

December general election since 1923.

With all eyes on Brexit, those with an interest in

fiscal policy were left bewildered: could this be

the first year without any Budget at all? After all,

the Spring Statement became a non-event on

Hammond’s watch.

INTRODUCTION

That’s not the only question. For example, we know

there will be a Budget at some point, but when?

Will changes passed into law in the Finance Act

2019 and set to commence in April 2020 actually

happen when the new tax year gets under way?

The VAT reverse charge for construction services

has already been delayed, just a few weeks before

the original deadline. That's now set to take effect

from 1 October 2020.

Off-payroll rules rolled out in the public sector in

2017, are due to hit the private sector in 2020 –

could that also be delayed? The calls are certainly

getting louder.

In this special bulletin, we’ve combined what we do

know for sure with informed analysis to suggest

how the next six months might pan out.

And so the roller coaster rolls on.