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Budget stuff  •  Business Services  •  Business Tax  •  HMRC  •  Personal tax  •  Property  •  Small Business  •  Tax Relief  •  Taxation

Hammond’s first (and last) Autumn Statement – what does it mean for business owners?  

By RJP LLP on 24 November, 2016

We hoped this Autumn Statement would take us by surprise. After all the unrest of recent months, with a new Chancellor and the start of a new, post-Brexit, Trump infused political era, it was an opportunity to do things differently. Sadly, the reality was rather lacklustre.

Just as the Financial Times predicted, Hammond’s mini budget was relatively short and really quite dull, although there were a couple of interesting announcements made, which we covered in Lesley Stalker's article for MinuteHack.

Quick summary - Changes that affect business owners

  • £400m investment fund designed to help UK startups
  • Tweaks to NI and salary sacrifice schemes
  • Withdrawal of ESS
  • R&D and technology investment pledge
  • U-turn on corporation tax rate cut
  • New anti-avoidance measures
  • More punitive measures for landlords
  • Interesting new company away day venue at Wentworth Woodhouse?

 

Full RJP Budget analysis - Article

To discuss any aspect of the budget in more detail, please contact Lesley Stalker, las@rjp.co.uk

 

 

 

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