Previous forecasts were 1.4% for 2017, 1.7% for 2018, 2.1% in 2019, 2.1% in 2020 and 2% for 2021. Small business taxFor businesses below VAT registration threshold, delay by a year the introduction of quarterly reporting at a cost of £280m. RM: Crackdowns on tax avoidance have become a budget staple to boost the exchequer’s coffers. The sums involved are not huge, but Hammond has repeatedly signalled there will be few big giveaways in this budget. In the ensuing debate, he repeatedly insisted there was no need for a bailout of the social care system.

Source: The Guardian March 08, 2017 12:41 UTC