Another Autumn, Another Autumn Statement - 22nd November 2023

It was once mooted that the Autumn Statement and Budget Statement cycles would be a thing of the past but here we go again!

As exepcted from rumours heard earlier in the week, the Chancellor, Jeremy Hunt, did make 'tax cuts' in today's Autumn Statement in the form of National Insurance reductions, but with personal allowances and tax rate bands frozen, through 'stealth', has he really?!

Rather than regurgitate the mainstream media headlines, have a look at the following links to tax tables on HMRC website:

 Annex A — rates and allowances - GOV.UK (www.gov.uk)

 Some more measures here:

Autumn Statement 2023 tax related documents - GOV.UK (www.gov.uk)

For those up here in Scotland, please do bear in mind there is usually a Scottish Budget next month, who said tax doesn't have to be taxing!

shakinghands new

Whilst we have no reason to believe the above is not accurate it is for general guidance only. Buick & Co Chartered Tax Advisers and Tax Consultants take no responsibility whatsoever for this blog, its reliability or any actions you take having read it.


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