The Chancellor of the Exchequer is scheduled to present the UK budget on 11 March 2020.
This will be the first budget of the new government, and there are expectations that there could be measures reflecting certain promises made during the election (e.g., reform of entrepreneurs’ relief, increases to the research and development tax credit rate, and changes to the structures and buildings allowance).
The budget will be followed by the publication of the 2020 Finance Bill on 19 March 2020.
The KPMG member firm in the UK has a dedicated Budget 2020 webpage that will be updated on 11 March after the Chancellor finishes his speech. Commentary will be added, and then on 12 March 2020, KPMG will host a webinar to discuss the budget implications for international and domestic businesses, employers, and individuals. Register for the webinar here.
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