Autumn Budget 2017

AAT_TeamAAT_Team Posts: 256Administrator
Thread for discussion around the Autumn budget this afternoon. We will be posting key points and expert opinion throughout the day. Feel free to jump in and add anything or ask questions.

A few pieces we have posted leading up to the budget below.

4 concerns for Philip Hammond ahead of the UK Budget

Philip Hammond views new tax collection measures for the Budget

Autumn Budget 2017: Will the nation’s small businesses get the help they require?

The budget announcement will kick off at around 12:30 GMT.

Comments

  • mskaatmskaat Regular Greater LondonPosts: 34MAAT, AAT Licensed Accountant
    @AAT_Team Please check your links again. Error message received.
    MAAT MSc in Accounting and Finance
  • AAT_TeamAAT_Team Posts: 256Administrator
    edited November 22
    @mskaat They seem to be working fine this end. Where are you accessing them from?

    Direct links here, here and here.
  • AAT_TeamAAT_Team Posts: 256Administrator
    edited November 23
  • mskaatmskaat Regular Greater LondonPosts: 34MAAT, AAT Licensed Accountant
    AAT_Team said:

    @mskaat They seem to be working fine this end. Where are you accessing them from?

    Direct links here, here and here.

    Sorry got it... its the HTTPS settings on browser.
    MAAT MSc in Accounting and Finance
  • MickdundeeMickdundee LondonPosts: 382Registered
    AAT_Team said:

    A good article.

    I am not sure what to make of the stamp duty exemption. Personally, I think more could be done to help social landlords.

    I used to work for a large housing association who has seen funding significantly cut in recent years. As a result, building new social housing was slowly grinding to a halt when I left - we had gone from building multiple 20+ housing developments, to just one 6 house development. Whilst building our own had more or less stopped, we had started purchasing properties from private companies (known as s106 affordable housing) – the properties were inferior to the ones we built and required a lot of rectification work, but they were cheaper.

    Why did they purchase properties whilst having significant cuts? Because in the governments wisdom, they said ‘we are going to give a lot less monetary support, but you need to start creating more social housing’.

    The housing association I worked for was a registered charity, but they had to start tendering for more and more commercial work (school improvements etc) using its commercial subsidiary to subsidise the social housing. It was difficult to win work as we paid market rate, plus a local government pension scheme. We were competing with companies that were paying foreign workers little over minimum wage for skilled positions. We did win work, and that was based on a good reputation and good guarantees on the work. But it was still made difficult by firms that were paying a foreign workforce well below market rate.

    With government cuts and greedy companies, social housing organisations are suffering massively. This doesn’t just effect the ability to build more properties. As an organisation, to name just a few other things we did:-
    1) Mental health workers
    2) Debt workers
    3) Benefit specialists
    4) Employment advisers
    5) Work experience programmes
    6) Trips for vulnerable children – those most at risk from abuse, substance abuse etc
    7) Care workers

    Social landlords do much more than provide property in the local area.
    MarieNoellemskaat
  • MickdundeeMickdundee LondonPosts: 382Registered
    This thread would have been better closed for comments.
  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderPosts: 1,132Moderator, MAAT, AAT Licensed Accountant

    This thread would have been better closed for comments.

    Your comment was a fair one on SDLT.

    I welcome @AAT_Team initiative to post the links on the forum - I don't always check on the AAT website as specific technical issues are not that easy to find (maybe that's just me though).

    I registered on the AAT webinar on the subject and was a bit underwhelmed - I expected a discussion / more in-depth analysis of the impact of the budget rather than a series of slides merely covering what you can already find on the .gov website.
    mskaat
  • MickdundeeMickdundee LondonPosts: 382Registered

    This thread would have been better closed for comments.

    Your comment was a fair one on SDLT.

    I welcome @AAT_Team initiative to post the links on the forum - I don't always check on the AAT website as specific technical issues are not that easy to find (maybe that's just me though).

    I registered on the AAT webinar on the subject and was a bit underwhelmed - I expected a discussion / more in-depth analysis of the impact of the budget rather than a series of slides merely covering what you can already find on the .gov website.
    Surely they can close the thread and still add further links.

    Frankly, I just find it rude that they ignore posts and continue to post links.

    If they don't plan on engaging with the community, then the thread is better off closed for comments so that people don't waste their time commenting.

  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderPosts: 1,132Moderator, MAAT, AAT Licensed Accountant
    I don't get your point @Mickdundee
    Surely @AAT_Team act as a facilitator on this forum and I wouldn't necessarily expect them to comment on the budget? Isn't it for other forum users to make comments?
    mskaat
  • MickdundeeMickdundee LondonPosts: 382Registered
    > @MarieNoelle said:
    > I don't get your point @Mickdundee
    > Surely @AAT_Team act as a facilitator on this forum and I wouldn't necessarily expect them to comment on the budget? Isn't it for other forum users to make comments?

    Yes, but most other forums have professionals that step in and engage in debate. Some of those forums have retained professionals to do just that. Other forums I am on, the moderators and staff also give their opinion - it doesn’t have to be a professional opinion because every budge affects us all.
    They certainly comment in other places, such as here:
    https://forums.aat.org.uk/Forum/discussion/comment/459719#Comment_459719

    The forum is absolutely dead. Perhaps AAT could learn a thing a or two from other forums?

    In that note, and probably to much delight from others, I don’t really thing this forum is for me - though given the traffic, I get the feeling it isn’t really many people’s thing.

    All the best :)
  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderPosts: 1,132Moderator, MAAT, AAT Licensed Accountant
    edited December 4
    Sure, it would be nice to see @AAT_Team a bit more on the forum. I am not sure what their role is but they may also look after other AAT social media, so have to share their job between them.

    It saddens me to see this forum has become so dead. I think it bothered a lot of people not being able to post in the professional area unless they share their membership details. But there might be other reasons.

    As you participate in probably over 50% of the threads on here this place will become even more of a ghost town. That's a real shame.

    I will be staying around. TBH I have been quite busy lately banning spammers selling all kind of fake passports. You spot them easily when the site is not too crowded :-)
  • AAT_TeamAAT_Team Posts: 256Administrator

    > @MarieNoelle said:

    > I don't get your point @Mickdundee

    > Surely @AAT_Team act as a facilitator on this forum and I wouldn't necessarily expect them to comment on the budget? Isn't it for other forum users to make comments?



    Yes, but most other forums have professionals that step in and engage in debate. Some of those forums have retained professionals to do just that. Other forums I am on, the moderators and staff also give their opinion - it doesn’t have to be a professional opinion because every budge affects us all.

    They certainly comment in other places, such as here:

    https://forums.aat.org.uk/Forum/discussion/comment/459719#Comment_459719



    The forum is absolutely dead. Perhaps AAT could learn a thing a or two from other forums?



    In that note, and probably to much delight from others, I don’t really thing this forum is for me - though given the traffic, I get the feeling it isn’t really many people’s thing.



    All the best :)

    Thanks for your feedback. Would love to post here more but as a member of the marketing team (social media) I can't really answer or debate on technical accounting issues. However you can post your comments on the articles themselves, which is where the author's can then come back to you. Make sense?

    Also in terms of the forums being 'dead' - that's actually not the case. Since the new design we have seen more sign-ups, more people visiting the site, who are staying longer and more uses of the search function. So vs where we were before it's an improvement.

    All the best :)
  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderPosts: 1,132Moderator, MAAT, AAT Licensed Accountant
    Thanks for your answer @AAT_Team

    There are valid points made by @Mickdundee and others though - I don't deny that the forum may attract more users but I would expect they are in the main students. The full members and Licensed members categories are extremely quiet at the moment and I would be interested to know why (apart from it being a very busy time of the year!)
  • MickdundeeMickdundee LondonPosts: 382Registered
    > @MarieNoelle said:
    > Thanks for your answer @AAT_Team
    >
    > There are valid points made by @Mickdundee and others though - I don't deny that the forum may attract more users but I would expect they are in the main students. The full members and Licensed members categories are extremely quiet at the moment and I would be interested to know why (apart from it being a very busy time of the year!)

    This is the time of the year when other accounting forums get busier, not quieter. The increase in workload throws up more questions.
  • MickdundeeMickdundee LondonPosts: 382Registered
    > @AAT_Team said:
    > > @MarieNoelle said:
    >
    > > I don't get your point @Mickdundee
    >
    > > Surely @AAT_Team act as a facilitator on this forum and I wouldn't necessarily expect them to comment on the budget? Isn't it for other forum users to make comments?
    >
    >
    >
    > Yes, but most other forums have professionals that step in and engage in debate. Some of those forums have retained professionals to do just that. Other forums I am on, the moderators and staff also give their opinion - it doesn’t have to be a professional opinion because every budge affects us all.
    >
    > They certainly comment in other places, such as here:
    >
    > https://forums.aat.org.uk/Forum/discussion/comment/459719#Comment_459719
    >
    >
    >
    > The forum is absolutely dead. Perhaps AAT could learn a thing a or two from other forums?
    >
    >
    >
    > In that note, and probably to much delight from others, I don’t really thing this forum is for me - though given the traffic, I get the feeling it isn’t really many people’s thing.
    >
    >
    >
    > All the best :)
    >
    > Thanks for your feedback. Would love to post here more but as a member of the marketing team (social media) I can't really answer or debate on technical accounting issues. However you can post your comments on the articles themselves, which is where the author's can then come back to you. Make sense?
    >
    > Also in terms of the forums being 'dead' - that's actually not the case. Since the new design we have seen more sign-ups, more people visiting the site, who are staying longer and more uses of the search function. So vs where we were before it's an improvement.
    >
    > All the best :)

    Statistics are what you make them.
  • AAT_TeamAAT_Team Posts: 256Administrator
    I don't want this thread to go too far off topic but we know of several reasons why activity and awareness is low from professional members. We are working on increasing both but nothing will happen over night.

    As members, if I was to ask you to give me 3 reasons why a professional accountant should sign-up and put their time into regularly participating in conversations here. What would you say?
  • MickdundeeMickdundee LondonPosts: 382Registered
    1) informal CPD - researching answers to questions you do not know in order to help others furthers your own knowledge
    2) network with those in the same or similar position to yourself - being a sole practitioner or small practice can be netoriously lonely at times
    3) a bit of fun between like minded individuals. Some of the banter I’ve had on here has been great, though moderates heavily over the past 6 months or so.
    MarieNoelleCSan89
  • MarieNoelleMarieNoelle Trusted Regular Hampshire/Surrey borderPosts: 1,132Moderator, MAAT, AAT Licensed Accountant
    Similar reasons
    I would add that the forum allows you to double check on a technical point - we all have our senior moment.
    And it's a great source of information for members starting up in practice.

    I also like the more "relaxed" feel - some other forums are not so forgiving.

  • AAT_TeamAAT_Team Posts: 256Administrator
    Thanks for this. Knowledge sharing and networking have been our top messages for professional members to join. When we speak to pro members though, they tend to search for what they need to know rather than engage. Perhaps we can create an 'introduce yourself' thread to get people involved.
  • MickdundeeMickdundee LondonPosts: 382Registered
    AAT_Team said:

    Thanks for this. Knowledge sharing and networking have been our top messages for professional members to join. When we speak to pro members though, they tend to search for what they need to know rather than engage. Perhaps we can create an 'introduce yourself' thread to get people involved.

    The search button won't help them much though.

    Tax changes very frequently, and being brutally honest, there isn't enough content for the search facility to throw up recent, relevant threads to many queries. The 'technical' questions that this forum gets on a monthly basis is what other forums getting on a daily basis.

    Whatever is being done to attract professional members (they don't have to be AAT members as they will still benefit the community, and in turn, help AAT members), it isn't working.

    Are newly licensed members made aware of the forum?
  • AAT_TeamAAT_Team Posts: 256Administrator
    edited December 6
    The pros far outweigh the cons.

    Discussion continued here.


This discussion has been closed.