23rd November 2016
Chancellor Philip Hammond outlines his post Brexit plans for the economy.
1st December 2015
George Osborne failed to produce a big surprise ‘rabbit’ out of his collection of tax measures and spending announcements set out in the Autumn Statement, but a few hares were set running amongst property investors. They will face increased Stamp Duty Land Tax charges from 1 April 2016, and accelerated payments of Capital Gains Tax from 2019.There is some relief that the changes to travel and subsistence rules for contractors working through personal service companies will not be
implemented as widely as suggested in the earlier consultation. Lower paid workers will be grateful that the rates and thresholds for Working and Child Tax Credits are to be frozen at the 2015/16 levels for 2016/17, rather than being cut drastically as announced in the Summer Budget. Tax credit claimants are gradually being moved on to the new Universal Credit so their relief may be short-lived.
The Government will collect extra tax revenues from increasing certain duties, and advancing the dates on which tax is payable, as we detail below.
3rd December 2014
On course, off course, of course… At the end of his Autumn Statement to the House of Commons, George Osborne insisted that Britain is ‘on course to prosperity’ under his guidance. Naturally, his opposite number Ed Balls disagreed: he pointed out that current borrowing is higher than planned, and claimed that ‘working people are £1,600 a year worse off’ than they were when Mr Osborne took office. In the run-up to a General Election, they are both setting out their applications for the Chancellor’s job from May 2015. Click here to read full report
Autumn Statement 2012
The latest edition of Autumn Statement is now available. Please follow the following link to read the details and please contact us to discuss any topics that are of interest to you.
Autumn Statement 2012 Tax Rates