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Last Wednesday, Chancellor Philip Hammond revealed the UK Autumn Budget. The MyFirmsApp team were watching live and waiting to react.
This resulted in immediate changes being made less than 24 hours after the announcement.
Due to the abolishment of Stamp Duty for first-time buyers, new Stamp Duty text has been added within the ‘More Info’ section and in the disclaimer at the bottom of the Stamp Duty results screen explaining that the calculator does not apply to first-time buyers.
The title of the Stamp Duty calculator has also been changed to reflect that it is not applicable for first-time buyers. Please see the screenshots below:
The following tax tables were then updated in-App over the next 24 hours:
Further adjustments will be required to some calculators, but not until the new tax year, so these changes will be made then.
Just imagine how impressed your clients would be if you could respond as swiftly as that to the next Budget!
If you would like any further information, please do not hesitate to get in touch >>