Every time I turn on the TV or open up a newspaper, headlines are still dominated with two of 2016’s biggest controversies – Trump and Brexit. From Donald’s latest race rant to the next MP fighting against Brexit plans, it feels like we’ve not heard about much else in recent months.
But don’t let these never-ending news sagas cloud what else is going on in the world. With the last Spring Budget just weeks away and plenty happening in the business world, now is the time to look beyond the front page news.
Last year, the Chancellor announced the UK’s move into having just one major fiscal event each year. So while you’ll still receive a forecast in the Spring Statement, 2017 will be the final Budget held during springtime – this hopefully means greater certainty and stability with less tax changes. But it will be interesting to see how this affects the upcoming Budgets, knowing there will be fewer happening over the coming years.
And don’t forget as of April 1st 2017 things will be changing with business rates. And while they’ve said more people will see positive change than feel a negative impact, make sure you check out how it may affect you. For small but growing businesses you may find a change in your rateable value and where that sits within the new system. Do your research and be ready for the change, it may be something that could affect your planned budget for the year.
If you want to discuss how these changes might affect you, you can drop us an email or a call us here.