It's been described as a "Budget of two halves" - the main Budget on 3 March, and the longer term consultations and announcements issued on 23 March. 

    Dubbed Tax Day, the 'second half' of the Budget was met with a lot of anticipation (within tax and planning circles at least), but was largely seen to be a bit of a damp squib.

    Yet while we escaped major tax reform, there were still things to take note of. 

    Here Tony Wickenden sets out the five key things to take away from Tax Day. 

    He discusses closing the gap between when income is earned and when tax is payed for those under self-assessment, and touches on the government's efforts to tackle tax non-compliance.

    Tony also looks at how the administration of inheritance tax will be simplified, closure on the taxation of trusts and raising standards around tax advice and the planned requirement for appropriate professional indemnity cover. 

    Further information

    Through Techlink Professional and Techlink Communicator we enable you to:

    • Be better informed
    • Reduce risk
    • Do more business
    • Communicate better and smarter
    • Save time

    To activate your complementary Nucleus user access to Techlink click here

    Start the discussion

    Add a comment