Autumn Budget 2019

KEY POINTS

  • Some tightening of the entrepreneurs’ relief rules.
  • Main residence lettings relief is restricted.
  • HMRC will be given greater priority in insolvencies.
  • The annual investment allowance is increased for two years and new allowances for commercial buildings.
  • New rules on profit fragmentation.
  • Off-payroll working rules will be extended to the larger businesses in the private sector from 2020.
  • No substantive changes to inheritance tax, the VAT threshold or pensions tax relief.
  • Annual allowance increased