February 13th, 2017 / Insight posted in Communique

Communique Issue 1 2017

After the political upheaval and dramatic changes to the exchange rate in 2016, it was almost a relief to see the beginning of 2017. But what does 2017 hold for businesses and our clients? It seems you are all starting the year off on a positive note – a survey we recently carried out to gauge the views of our clients and contacts towards Brexit showed that very few of you have felt any impact so far, and most feel reasonably optimistic for your prospects in the future.

2017 is likely to be another year of political change. A new and unpredictable US President is in office and, closer to home, elections in France and Germany, as well as our Brexit negotiations, will influence the shape of Europe.

For businesses and individuals, the Autumn Statement was relatively benign, with few major announcements. But the number of new consultations in the pipeline suggests that 2017 will see some significant changes to tax regulations, affecting businesses in the UK even before we take the Brexit negotiations into account. HMRC’s Making Tax Digital initiative will bring significant change in 2018 which, as we point out in this issue of Communiqué,
will impact a wide range of companies and individuals. It is important to keep ahead of the game and we will continue to keep you updated on all the latest developments.

We would like to wish you a very happy and prosperous New Year. We are all looking forward to working with you.

Martin Muirhead, Senior Partner,
Kingston Smith LLP