Autumn Statement 2023
In-depth coverage of the main announcements for individuals and businesses
In today’s much anticipated Autumn Statement, key announcements include the full expensing capital allowances regime being made permanent, R&D relief changes as well as National Insurance cuts. The ‘Autumn Statement for growth’ was clear on the need to control inflation, but the Government decided that there was sufficient fiscal headroom to make some tax cuts, with a focus on supporting businesses and workers. With a Spring Budget expected mere months away, speculation around future tax cuts, such as to inheritance tax and income tax rates, is sure to grow.
Despite these announcements, the reality remains that with a general election expected in 2024, it is possible that we will have a change in Government, meaning the longevity of these changes may be uncertain.
Read more on the impact of the announcements for you and your business below.
Autumn Statement 2023
How to protect your wealth ahead of the 2024 Autumn Budget
With potential changes to a wide range of taxes in the Autumn Budget, now is the time to consider your wealth protection strategy
The 2024 Autumn Budget and your investments: opportunities and considerations
The Autumn Budget isn’t necessarily just about tax rises. There could also be opportunities for investors who know where to look
The British ISA has been scrapped – What other opportunities are out there?
There are still many options for tax-efficient investing or a greater focus on British companies
UK Autumn Budget 2024: How to plan for what may come
Here, we look at some of the taxes which may change, and how to plan for them
Autumn Statement 2023: Environmental taxes
The Autumn Statement was very positive from an environmental perspective. While tax changes were not significant, the Chancellor addressed some fundamental structural issues the industry faces.
Autumn Statement 2023: How the announcements impact businesses
The Autumn statement reinforced the Government’s focus on incentives to promote capital investment and maintain a competitive UK tax environment. Hidden in the detail, however, are potential tax increases that businesses should plan for and consider possible reliefs.