The headlines from the Autumn Statement 2023 and a more detailed summary. Covers National Insurance, Capital allowances, Business rates and R & D.
Will the Chancellor use Corporation Tax measures in reducing business taxation in the Autumn Statement? He could reduce the rate of Corporation Tax, extend the Corporation Tax Bands and/or extend full expensing? Craig Simpson, Tax Partner at Bates Weston gives his views.
In an update to the mini budget, the Chancellor has cancelled his plans to abolish the higher 45% rate of Income Tax. We have update our Mini Budget Summary Report to reflect this.
Nadim Zahawi, delivered the Chancellor’s Mansion House speech last night, speaking of the global fight against inflation, the need for private sector growth and the critical role of financial services.
What can we expect from Rishi Sunak’s economic update on July 8? The CBI suggests he will focus on protecting and creating jobs.