A detailed guide to all the tax measures, reported by Lexis+ UK Tax,
The Chancellor of the Exchequer Jeremy Hunt delivered the government’s Autumn Statement on Wednesday 22 November 2023.
After claiming the government has delivered on halving inflation growing the economy and reducing debt the chancellor focused his statement on measures designed to further boost the economy by (in his own words) delivering ‘the biggest package of tax cuts to be implemented since the 1980s’ and (although not stated) to gain support ahead of the next general election (expected sometime in 2024).
While many of the tax-related announcements were pre-trailed (either officially or unofficially) there were some welcome surprises such as in respect of capital allowances and making full expensing a permanent measure and in relation to NICs with the abolition of class 2 NICs from 6 April 2024 the...
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A detailed guide to all the tax measures, reported by Lexis+ UK Tax,
The Chancellor of the Exchequer Jeremy Hunt delivered the government’s Autumn Statement on Wednesday 22 November 2023.
After claiming the government has delivered on halving inflation growing the economy and reducing debt the chancellor focused his statement on measures designed to further boost the economy by (in his own words) delivering ‘the biggest package of tax cuts to be implemented since the 1980s’ and (although not stated) to gain support ahead of the next general election (expected sometime in 2024).
While many of the tax-related announcements were pre-trailed (either officially or unofficially) there were some welcome surprises such as in respect of capital allowances and making full expensing a permanent measure and in relation to NICs with the abolition of class 2 NICs from 6 April 2024 the...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
