2023 Autumn Statement – More Drip Than Waterfall….

After all the media interviews, I was expecting a waterfall of tax improvements for all small businesses, but we ended up with a dripping tap!

This was trying to be about ‘making work pay’ and ‘improving productivity’.

However, the employee and sole trader national insurance reductions don’t offset the fiscal drag of frozen 40% and 60% income tax thresholds.

Please see more here: 2023 Autumn Statement

As always, let me or the team know if you’d like further details.

Thank you.

Paula Tomlinson BFP FCA CTA

Founder and Director

 

On site. On time. On your side.