Despite it feeling like the middle of winter, according to the Government December is the time for them to issue their Autumn Statement. The Chancellor announced a number of tax measures in addition to some of the more normal economic measures. We have a detailed summary available on our website that focuses on: changes to personal allowances and tax bands; changes to pension reliefs; a tenfold increase in the Annual Investment Allowance to £250,000; a reduction in the main rate of Corporation Tax; announcements regarding the General Anti Abuse Rule and other ‘abusive arrangements’. The detailed summary can be found here
2012 Autumn Statement
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