As part of the government’s efforts to support first-time buyers, the Chancellor confirmed that the stamp duty land tax (SDLT exemption for first-time buyers will be extended to shared ownership purchases

The Chancellor has confirmed that the corporation tax rate will remain unchanged from the previous Budget, staying at 19% at present - the lowest of the G20 nations - and changing to 17% from 2020

Despite widespread rumours in the run-up to the Budget that pensions tax relief for higher rate taxpayers would be cut, the Chancellor only tweaked pensions allowances

From April 2020, HMRC will have greater priority to recover taxes paid by employees and customers in the event of an insolvency, a move aimed at ensuring ‘that an extra £185m in taxes already paid each year reaches the government’

The Budget included the Chancellor’s announcements of a further clamp down on tax avoidance, evasion and unfair outcomes, which is designed to raise £2.1bn by 2023/24

The long haul rates of air passenger duty (APD) for the tax year 2020-21 will increase in line with the retail price index (RPI), Chancellor Philip Hammond confirmed in his budget, but short haul rates will stay the same

Budget 2018 announced changes to two of the ancillary reliefs in private residence reliefs, specifically those that provide relief on rented property and on gains made in the final period of ownership, regardless of occupancy

In his Budget, Chancellor Philip Hammond has promised to introduce a plastic tax that will apply to all produced or imported packaging that does not include at least 30% recycled content

Chancellor Philip Hammond has confirmed that the VAT threshold will stay at the current level of £85,000 for a further two years until April 2022 after a call for evidence did not provide a clear option for reform

A tax on large digital companies that operate within the UK or provide services to customers, including social media and online marketplaces, has been announced by the Chancellor, who denied that it would be a ‘digital sales tax’

In his Budget Chancellor Philip Hammond announced plans to halve the amount of apprenticeship levy contributions that small businesses pay from 10% to 5% to encourage take up

While there is speculation the Chancellor’s Budget will include tax breaks to help struggling retailers, commentators claim his plans are unlikely to stem the current bloodbath on the UK’s high streets, where major stores are closing and job losses mounting, with a potential 50,000 roles at risk