The Last Autumn Statement
In the wake of the UK’s proposed withdrawal from the EU, the government have release their Autumn Statement – outlining the plans for our economy moving forward.
This is set to be the last Autumn Statement, as in 2017 it will become the Autumn Budget, with the statement moving to Spring.
Currently, the budget is released just before the start of the tax year and includes the majority of changes, which causes a moment of panic for business owners.
The switch has been implemented so that tax changes are announced well before the start of the next tax year.
(2017 will be a transition year seeing both a Spring & Autumn Budget announcement, before the Spring Statement is introduced in March 2018.)
Which Area Would You Like Summarised?
Below we’ve summarised all of the highs and lows of the Autumn Statement and who will be affected most: