The Autumn Budget 2018 | An Overview

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by Fraser Farrington on

Phillip Hammond, the Chancellor of the Exchequer, delivered his second ‘Autumn Budget’ this Monday which included a number of giveaways, a number of ‘holds’ where an increase may have been expected and a number of measures which allows the Government to argue it is taking a tough stance on tax avoidance. A number of ‘difficult’ issues or those which could have generated negative headlines were largely not addressed.

The big news for the recruitment industry was of course confirmation that the off-payroll working rules are to be extended to the private sector from April 2020. These rules have been in force for the public sector since April 2017 and following the recent consultation ‘fact sheet’ which declared the public-sector roll-out a huge success, it was perhaps inevitable they would also be introduced to the private sector.

Morson added its voice to those of many stakeholders advising the Government that an introduction in 2019 would not give businesses time to prepare, so the pushback to April 2020 is a small win in that respect. The Government also announced that the rules will only apply to ‘large and medium-sized’ businesses, perhaps a nod to the reality that the introduction in the public sector was not as smooth as HMRC expected. Again, this represents a small win. We await final legislation which will confirm whether the responsibilities for the IR35 decision and the liability for any tax due remain the same.

A comment also on the changes to VAT in the construction sector which has not generated many headlines but could represent a significant admin burden if not managed properly. Legislation will be published alongside Finance Bill 2018-19 to provide for a ‘VAT reverse charge’ on building and construction services, due to come into effect on 1 October 2019. If labour services are caught, intermediaries will in effect become responsible for collecting VAT on behalf of their construction contractors and must make sure not to include VAT in payments to impacted workers. We await final legislation here which will confirm the details, but it is expected that the rules will apply where work is deemed caught by CIS.
 

Some of the other key points include:

  • Personal allowance increased to £12.5k, a year earlier than planned
  • Higher rate threshold increased to £50k, a year earlier than planned
  • National living wage increased to £8.21 a year from April 2019
  • Increases in allowances to companies for certain capital spending
  • Additional £20.5bn to NHS over the next 5 years
  • Extra £400m to schools for ‘little extras’
  • Additional £700m for local councils for social care
  • Pothole fund to help repair damaged roads
     

Key ‘holds’

  • VAT threshold of £85k/year will not be reduced until 2022 at the earliest
  • Confirmation that abolition of class 2 NICs will no longer go ahead
  • No rises in fuel duty, or duties on beers, cider and spirits
     

Enforcement/ Anti-avoidance measures

  • Digital service tax of 2% on UK revenue of big tech companies, from April 2020 – very light on detail but no doubt intended to counter negative headlines around lack of action on Apple, Amazon, Facebook et al’s perceived aggressive tax planning
  • Return of HMRC as a “preferential creditor” – meaning the taxman is “bumped up” the repayment queue in the event that taxpayers enter liquidation
  • Rules to shift tax liabilities to Directors where companies are intentionally placed into insolvency
  • Various offshore anti-avoidance measures
     

It was notable that there was no mention of the Taylor Review or the gig economy in the budget documents, perhaps a surprise given that the Government consultations closed almost six months ago.

The Chancellor warned that a further Budget may be required depending on the outcome of the Brexit negotiations.


For more extensive budget coverage, including a budget calculator to see how the budget could affect you, please see the BBC budget website.

Or, for more detailed budget information, including the budget documents themselves and legislative detail, please see the government budget website.


Cx Jobs

Project Coordinator

Morson International are working with a global consultancy who are looking for a Project Coordinator to join their team in Strasbourg. This is an 11 months contract. CV submission deadline COB Tuesday 26 January 2021. No UK Nationals. Needs to obtain one of the below certifications Licence Management certifications: - CAMP: Certified Asset Management Professional (https://iaitam.org/camp/) - CSAM: Certified Software Asset Manager (https://iaitam.org/csam/) - CITAM: Certified IT Asset Manager (https://iaitam.org/citam/) Ideally, the certification shall be provided by IAITAM. Tasks: - Act as a trustworthy advisor to the Contracting Authority and reporting to the Project Manager, by making a feasible project plan that achieves the goals and objectives of the project and aligns with the organization's overall business strategy - Maintain overall responsibility for the execution of the Specific Contract - Manage the design, development and implementation of software systems, including interoperability components, as per user-defined requirements - Define project scope, goals and deliverables and prepare and maintain project and quality plans and track activities against the plan - Be pro-active to resolve issues from a resource capacity and project deliverables viewpoint - Guide and support the team project activities, review their deliverables, and monitor costs, schedule and resources used of each project and provide timely and accurate project progress reports to all stakeholders - Work in close relationship with the Programme Coordinator to allocate the best possible IT staff to the required roles, as well as with Contractors of other Lots to ensure smooth execution of all activities that involves participation of different Lots' Contractors - Manage the change control procedure gaining agreement for revisions to the project from project sponsors Knowledge and skills: - Minimum 10 - 12 years of experience in the defined area of expertise and minimum 8 year of experience with a Project Management methodology (e.g. PM2, PRINCE2, PMP). - Consultative Project management in the IT software development and quality related areas - Usage of Project Management tools. Willingness to use the Project Management tool as specified by the Contracting Authority - Excellent knowledge of business process management, enterprise architecture and project management standards and methodologies, especially agile/scrum software development methodologies - Ability to build a vision for the future based on his/her knowledge of similar programmes - Capability of working in an international/multi-cultural environment, understanding the needs, objectives and constraints of those in other disciplines and functions - Excellent leadership qualities and ability to chair meetings and to give presentations. If you are interested and would like to find out more, apply now and we will be in touch shortly. Alternatively, contact Paul from Morson for more information.

Principal Systems Engineer

Our client are seeking Systems Engineers to work on their Maritime Submarines programmes in Frimley Surrey.Working on one of a variety of our programmes and projects, helping to design, develop, integrate, manage and support complex systems and combat sub-systems for in service and future submarines. Working with other technical specialists and may manage a team of other engineers to understand and influence the inputs, flow of decisions and dependencies that will impact system design and product delivery.The Systems Engineer will be able to understand and report the programme status for engineering activities in their area of responsibility, be able to identify problem areas and implement recovery plans, helping support the submarines that play a critical role in our nation's defence. KEY SKILLS / PROVEN ABILITYEssential:Knowledge of the system engineering lifecycle and be able to apply good systems engineering practices to your workUnderstanding of relevant engineering standards, including safety and environmental regulationsMotivated and able to take responsibility for own outputs and be confident working autonomously and in a structured manner.Capable of supervising othersHave strong written and verbal communication skills. Desirable:Use of system analysis and design tools such as Enterprise Architect.Proven ability of working in a customer-facing and/or supplier engagement role.Member of appropriate professional institution; Chartered Engineer or working towards Chartership.

Software Engineer (Digital Test Design)

Our client is seeking a contract Software Engineer to support a Digital Test Design team,The main duty for the successful candidate will be towards the generation of test systems capable of carrying out both proof-of-design and performance tests within a world leading high-tech digital processor product business-line.The digital processors designed are used in several of the most advanced telecommunication payloads currently in orbit, and the ability to test these complex systems relies on a wide understanding of both the RF and digital electronics that constitute the designs.The candidate will be expected to work within product teams to capture design information, discuss and agree procedures for testing at all stages of assembly and ensure all work is sufficiently defined to allow accurate cost and scheduling data to be generated.Main elements of the role are -Software design and debugAutomatic test procedure generationHardware/software integration and debugTest validation and design provingDesign and software control (versioning, documentation, technical reviews)Work efficiently within a dedicated test system design teamSupport of test activities leading to unit delivery KEY SKILLS / PROVEN ABILITYVery strong background in software design and implementation, especially in the context of a test applicationFluent in several software languages Python, TCL and C++Proven track-record in a product "design and test" business environmentUnderstanding and practical application of RF test & measurement equipment (including the use of programming interfaces)Very strong background in software/hardware integration and debugCommitment to delivering technical reports as required by the project team. Desirable -Proven ability of working within a product manufacture and test domainKnowledge of digital electronics design and manufacture (schematic capture, PCB, FPGA/ASIC, power architecture)Knowledge of SQL and database applications

Safety Engineer - Combat Systems

Job Description As a Principal Safety Engineer you will be carrying out a range of Safety Engineering activities and analyses on all areas of the Submarine Combat System, including Navigation, Command and Control, and Communication systems. This work will contribute to the development and maintenance of Def Stan 00-56 safety cases, to demonstrate that the safety risks of operating the submarine are as low as reasonably practicable The Individual Developing functional safety justifications for defence systems based on claims, argument and evidence * Organising and contributing to Hazard Identification workshops and Safety Committee meetings * Carrying out and analysing results of studies such as Failure Mode & Effects Analysis, Fault Tree Analysis, to gather evidence to support the safety case * Engaging with third parties, such as equipment or system suppliers, to review and gather supporting safety case evidence * Production and maintenance of Safety Case documentation (plans, policies and reports) to support project milestones * Conducting Risk Management in accordance with Def Stan 00-56 * Determine and manage stakeholder requirements * Establish and maintain internal and external customer relationships * Manage customer expectations * Resolve customer queries and issues in areas of responsibility * Understand customer requirements * Negotiation Skills * Hazard identification and risk analysis * Product safety management system * Safety assessment * Safety case and safety case report * Safety, HF and operability requirements capture and management

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