Leading up to yesterday’s Autumn Statement, rumours were spreading like wildfire as to what Mr Osborne had planned for taxpayers, employers, entrepreneurs and pensioners. Would he make huge reforms to the pension structure? Would the start date for the controversial “Dividend Tax” be brought forward?
As it happened, the Chancellor focused more on public spending. His U-Turn on tax credits seemed a popular decision, even the infamous “Tampon Tax” was addressed.
In addition to the headline inducing statements regarding public spending, he also made a number of adjustments to tax law, rates and administration that will affect your personal and corporate tax affairs.
At WHA, we pride ourselves on being pro-active so with this in mind, enclosed is an Autumn statement summary, a factsheet outlining all of the pertinent changes.
Should you have any questions relating to any of the changes, please contact a member of the WHA team.