2023 Autumn Statement

2023 Autumn Statement

The Chancellor delivered his Autumn Statement this week.  There has been a lot of speculation on tax in the last week or so…….  Here are the key points:

• The tax, VAT and National Insurance thresholds were not specifically mentioned so for the time being we must assume they are unchanged

• National Insurance has been reduced

• Capital expensing has been extended but in practice this does not make a difference to smaller SMEs

• The extension of some business rate reliefs was announced

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