Today’s Spring Statement included a further pledge to cut tax evasion and avoidance, which is clearly welcomed. The key will be whether this can be delivered. I’d like to hear more about how HMRC will achieve this.
Robert Marchant
Partner, National Head of Tax
Our partners react
Caroline Fleet
Partner, Head of Real Estate
The Chancellor is banking on the forthcoming planning reforms and investment in skills training to help deliver the 1.5 million homes pledged by the end of government. Today, there were no fiscal announcements which would help open the property market generally.
Johnathan Dudley
Partner, Head of Manufacturing
There's a real need now for businesses to take early advice, and play a part in the creation of the UK as a ‘Defence Industry Superpower’ as the Chancellor envisages.
Nicky Owen
Partner, Head of Professional Practices
In a “changing world” it was disappointing to see that the Chancellor has not listened to UK businesses and that there was no U turn in the changes to employers NIC, which take effect from 6 April 2025.
Simon Crookston
Partner, Head of Corporate Tax
It’s disappointing that the Chancellor did not provide incentives to encourage further investment in green initiatives which are accessible to all. This would have helped stimulate growth and the economy.
Jane MacKay
Partner, Corporate Tax
There were no tax changes announced by the Chancellor today, but we are still getting to grips with the significant changes announced in October.
Stuart Weekes
Partner, Corporate Tax
It’s welcomed that the government is finally looking to introduce a system of advance assurance for R&D tax reliefs, but will the proposed process meet the government’s objectives to improve customer experience and reduce error or fraud?
Jane MacKay
Partner, Corporate Tax
There were no tax changes announced by the Chancellor today, but we are still getting to grips with the significant changes announced in October.