On Wednesday 25th November 2015 The Chancellor George Osborne delivered his joint Spending Review and Autumn Statement. This year both these fiscal events have been combined. Whilst the Spending Review sets out how the government spends taxpayer’s money, the Autumn Statement is used by the government to update their plans for the economy as part of the twice yearly process that includes the Budget.
The Autumn Statement reaffirms fundamental taxation changes which will affect business and personal lives for this year and future years. Written in plain English, we have broken the summary down into the main areas of taxation. We have also included comments on the more important changes, together with any planning points that may arise.
The summary provides an invaluable update for you and will help you get to grips with the changes. It will remain on our site for you to refer to as and when you need it but if you have any questions, don’t forget we are here to help you navigate and plan your way through the tax maze, so please do get in touch.