Press release
13 March 2019
Daniel Lyons, head of tax policy at Deloitte, comments on today’s Spring Statement:
“Clearly the Chancellor has other things on his mind than tax at the moment. The only substantive tax update in today’s Spring Statement is the draft legislation on the Structures and Buildings Allowance, announced in Budget 2018, which clarifies a number of issues on when the 2% per annum deduction is available.
“However, the coming months are going to see a flood of draft regulations, technical notes, consultations, calls for evidence and policy papers on a vast range of tax subjects from hybrid mismatch exemption to Child Trust Funds and from VAT simplification to the Digital Services Tax. More than enough to keep all of us tax geeks busy.”
@DeloitteUK for live comment;
@DanielFLyons1 for Daniel Lyons, Head of Tax Policy; and
@IanStewartEcon for Ian Stewart, chief economist
Experts from Deloitte are available now and on the day of the Spring Statement for comment. On Wednesday 13 March, please call the Deloitte Media hotline on 020 7007 3333, where you will be directly connected to one of our spokespeople.
Deloitte LLP is the United Kingdom affiliate of Deloitte NWE LLP, a member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”). DTTL and each of its member firms are legally separate and independent entities. DTTL and Deloitte NWE LLP do not provide services to clients. Please see About Deloitte to learn more about our global network of member firms.