David Mellor, Chief Executive at Crowe Clark Whitehill, comments:
“Hammond clearly understands his brief and has started to tackle the areas where he thinks there is unfairness in the tax system.
“The Chancellor has shown his grip of the issues to developing a fairer tax system by raising the issue of dividend allowances and Class 4 NICs. His announcements, though, are small and deferred. Expect further activity in these areas in future years.
“Hammond’s Budget is spun to focus on the priorities set by the May Brexit government – focusing on themes of ‘making life better for ordinary working people’ and the UK being ‘better together’ and committed to building a stronger, fairer Britain. Whether there is substance behind this rhetoric remains to be seen.”