Philip Hammond

Please find below all the articles that have been tagged as 'Philip Hammond'.

Family Firms Likely to be Hit Hard By Dividend Allowance Slash

Monday, December 11, 2017

The dividend allowance cut, that will affect contractors across the country, will go ahead from April 2018, now that the Government’s second Finance Bill has been confirmed.

The tax free dividend allowance will be cut from £5,000 to £2,000 from April 2018, in the Chancellor’s bid to create a level playing field on taxes for employees and contractors. However, the changes could hit family businesses particularly hard, if more than one family member takes a dividend payment.

The dividend allowance cut was mooted in the Chancellor’s Spring Budget speech, with…

Can We Expect a ‘Steady As She Goes’ Autumn Budget For Stormy Times?

Monday, November 6, 2017

It might be the case, in these vexatious political times, that the Conservatives are hoping for some tasty vote-winning offerings from Philip Hammond’s upcoming Autumn Budget.

But the Chancellor’s style has always been steady and unshowy and there is little to suggest he plans to break that habit with any earth-shaking announcements on 22 November. There are, however, some hot topics that he is unlikely to be able to avoid, around student debt, the housing crisis and, of course, Brexit.

So, there is speculation around whether he may move towards…