Tax | Autumn Statement 2023 at a glance

Find out the latest announcements in the Autumn Statement with comment and analysis 

24 Nov 2023

Tax

Budget

Tax | PAYE only high earners removed from self assessment

High earners with PAYE income over £150,000 will no longer have to file a self assessment tax return from 2025

24 Nov 2023

Tax

Personal Tax

Tax Compliance

Budget

Tax | Autumn Statement 2023: low earners could be £400 worse off

Low earners could end up paying more tax as they get dragged over tax threshold, counteracting 2% National Insurance cut announced by Chancellor

24 Nov 2023

Tax

Personal Tax

Budget

Business

Tax | MPs criticise MTD for making tax ‘difficult’

HMRC has lost sight of needing to put taxpayers at the heart of changes to the tax system with estimated costs of £1.9bn for businesses to comply with Making Tax Digital (MTD), said the Public Accounts Committee

24 Nov 2023

Tax

Making Tax Digital

HMRC

Tax | Autumn Statement 2023: tax breaks for freeports extended

The Chancellor announced on Wednesday the extension of tax breaks for freeports and investment zones from five to 10 years

24 Nov 2023

Tax

Business Tax

Budget

Business

Companies

Tax | Sign up for our VIP Q&A Autumn Statement webinar

Have burning questions about the latest from the Autumn Statement? Join our webinar on 28 November

24 Nov 2023

Tax

Budget

Tax | Autumn Statement 2023: tax breaks for special effects work planned

The government is considering an increase in the level of audio-visual expenditure credit for visual effects spending from April 2025

23 Nov 2023

Tax

Consultations

Tax | Autumn Statement 2023: review of small pension pots

The government is considering plans to consolidate small pension pots into a ‘pot for life’ and give individuals the option to designate a primary pension scheme for savings

23 Nov 2023

Tax

Budget

Finance

Pensions

Tax | Autumn Statement 2023: 'confusing' year end statement for MTD dropped

The government has abandoned 'confusing' plan to require the fifth stage of reporting known as the end of period statement under Making Tax Digital for income tax 

23 Nov 2023

Tax

Making Tax Digital

Politics

Tax | Autumn Statement 2023: £150k cash basis threshold removed

Changes to cash basis reporting set out in the Autumn Statement will see the complete removal of the £150,000 turnover threshold limit for sole traders 

23 Nov 2023

Tax

Business Tax

Personal Tax

Tax Compliance

Budget

Tax | Autumn Statement 2023: self-employed Class 2 NICs abolished

The Chancellor has abolished Class 2 National Insurance contributions for self employed workers and cut the rate of Class 4 NICs

22 Nov 2023

Tax

Personal Tax

Budget

Tax | Autumn Statement 2023: enterprise investment scheme extended

The government will legislate to extend the lifetime of enterprise investment schemes and venture capital trusts for at least 10 years

22 Nov 2023

Tax

Business Tax

Budget

Tax | Autumn Statement 2023: small business rates frozen

A £4.3bn support fund for small businesses over five years has been announced, along with the small business multiplier being frozen at 49.9p

22 Nov 2023

Tax

Business Tax

Budget

Tax | Autumn Statement 2023: HMRC given extra £163m to tackle debt

HMRC will be given a 30% rise in specific funding to expand debt collection activities from the new tax year 

22 Nov 2023

Tax

HMRC

Tax Compliance

Budget

Tax | Autumn Statement: R&D relief changes go ahead in 2024

The overhaul of R&D relief will go ahead from April 2024 merging the two systems and reducing the intensity threshold from 40% to 30% for SMEs with a soft landing

22 Nov 2023

Tax

Business Tax

Budget