Autumn Statement Highlights & Reflection from Cooper Curtis Accountants

Following November's Autumn Statement, the biggest shock was a U turn on Tax Credits as the Chancellor's previous decision to cut tax credits was thrown out by the House of Lords which is great news for lower paid families. 

We also received more details on the Apprenticeship levy at 0.5% from April 2017. We now know there is a credit of £15,000 available to all employers, meaning this charge will only affect employers with over 100 employees based on an average salary. 

National Insurance rates have been frozen at the current rate,  however the £3,000 employment allowance will no longer apply to companies with only one director and no further employees. 

We had no further news on the abolishment of travel and subsistence tax relief for temporary workers engaged through an intermediary, but the FCSA has said it 'seems those outside the IR35 rules will not be penalised.'

Read our Autumn Statement Guide here!

If you have any queries on anything we have raised or if we can help in any other way, please get in touch on 0845 303 1144 or email info@coopercurtis.co.uk. 

Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published.