Autumn Statement 2016 and how it affects you

23-Nov-2016

Please download our Autumn Statement 2016 Newsletter here.

Philip Hammond, the new Chancellor, presented his first major fiscal statement to the House of Commons on 23rd November 2016. This newsletter summarises the main announcements that may affect you and your business. For further advice please contact us.

At a glance:

  • Reduction in corporation tax rate confirmed
  • New £23bn National Productivity Investment Fund
  • Personal allowance to increase as planned
  • National Living Wage and National Minimum Wage to rise
  • Increase in insurance premium tax
  • Fuel duty frozen again
  • Autumn Statement to be abolished and Budget moved from Spring to Autumn

For tailored advice on any of the topics covered within the Autumn Statement, and how they may have an impact on your business or personal finances, please give us a call on 0845 9000 691. 

We offer far more than traditional tax and compliance services, and can advise on a range of strategies designed to minimise your tax bill, improve profits and maximise your personal wealth. 

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