Autumn Statement 2016

Autumn Statement Report

'The trouble with a budget is that it’s hard to fill up one hole without digging another.' Dan Bennett

Chancellor Philip Hammond’s first Autumn Statement was also his last. After two Budgets in 2017, from 2018 onwards we will have a Spring Statement and an Autumn Budget.  But he took the opportunity to make some interesting announcements: salary sacrifice schemes are going, the pensions money purchase allowance is dropping, and insurance premium tax increases again. There was the usual raft of anti-avoidance measures, including a new legal requirement to correct a past failure to pay UK tax on offshore assets. And if you pay flat-rate VAT, watch out for the change announced here.

Take a look at our summary and analysis, to find out how the changes will affect you and your business.

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Hartsfield Budget 2016