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ARTICLE · 17 FEBRUARY 2020

Budget 2020 Predictions - What Should We Expect?

Wrigleys Solicitors LLP
Wrigleys Solicitors LLP
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Wrigleys Solicitors LLP

Wrigleys Solicitors LLP

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Here we consider what tax policy announcements we might expect in Sajid Javid's first budget on 11 March 2020.

United KingdomTax
Chelsea Martin
Chelsea Martin
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Here we consider what tax policy announcements we might expect in Sajid Javid's first budget on 11 March 2020.

Personal Tax

Income Tax and National Insurance

  • The threshold at which National Insurance contributions will start to be paid is expected to be increased to £9,500, as previously announced.
  •  It is a relatively safe bet that there will be no immediate increases in income tax rates, National Insurance or VAT given the Conservative Party's manifesto pledge to uphold the "triple lock". 
  •  However, and despite the manifesto pledge, there are some whispers that there could be announcements for changes to VAT in the longer-term, given that some consider it to be a "European" tax.

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