Our reaction

Our tax experts set out their initial reactions to the Autumn statement, as well as more detailed and insightful analysis, as they consider the implications of the Chancellor's comments for taxpayers.

Read the full analysis now 

Although distinctly lacking in surprises, which was very welcome, there were a number of key announcements made.

  • Autumn Statement to be abolished and replaced with Autumn Budget and Spring Statement.
  • Non-dom tax changes largely to proceed as trailed.
  • ISA allowance increased from £15,240 to £20,000 per year.
  • Salary sacrifice schemes to be clamped down on. Breaks for pensions, childcare, ultra-low emission vehicles and the cycle to work scheme to remain.
  • National Insurance contributions changes, including alignment for employer and employee thresholds from April 2017.

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Tina Riches

Partner London +44 (0)20 7131 4252

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