Philip Hammond recently delivered his second Budget as chancellor. Here are some of the key points of his speech :
Stamp duty to be abolished immediately for first-time buyers purchasing properties worth up to £300,000.
Tobacco will continue to rise by 2% above Retail Price Index (RPI) inflation, equivalent to 28p on a pack of 20, while the minimum excise duty on cigarettes introduced in March will also rise. Duty on hand-rolling tobacco will increase by additional 1%.
Duty on beer, wine, spirits and most ciders will be frozen, equating to 1p off a pint of beer and 6p of a typical bottle of wine. However, duty on high-strength “white ciders” to be increased in 2019 via new legislation.
Fuel duty rise for petrol and diesel cars scheduled for A...Read More