Devilish details of Spring Statement 2018

Spring Statement 2018 announces the next revaluation, currently due in 2022, will be brought forward to 2021. 

This will mean businesses can benefit from the change to three-year revaluations earlier, with the first taking place in 2024.

5) Changes to tax system

The government revealed plans to change the tax system to give a “fair result for digital businesses.”

The government is seeking views on what more it can do to:

•    support people and businesses who use digital payments.
•    ensure that those who need to are able to pay with cash.
•    prevent the use of cash to evade tax and launder money,

The government is also seeking views on extending the current tax relief to support self-employed people and employees when they fund their own training.