Jefferies Newsletter April 2018

BREXIT better or worse than we thought?

In March 2019 the UK will leave the EU at an estimated cost of £37.1bn.

The OBR said that Brexit has had a smaller impact than feared, partly owing to consumers willing to maintain spending
at the cost of their savings.

Making tax digital

It’s time to get ready, from April 2019, Making Tax Digital for Business will start for VAT. If your business has a turnover above the VAT threshold and you are registered for VAT you will need to use Making Tax Digital. Data that must be provided digitally:

Spring statement 2018

The OBR has calculated that the UK will continue to pay contributions into the EU budget until 2064 – 45 years after the official
date of Brexit – with the total “withdrawal bill” amounting to £37.1bn.

The main reason for this is that the government will have an on-going liability for a proportion of EU staff’s pensions earned
while the UK was a member.

Further details in the newsletter link below.

Also in this newsletter

  • What is the Optimum Pay for 2018/19?
  • How we’re changing the way we shop

Download your copy of our April 2018 here.