The 2013 Autumn Statement
The economic position in December 2013 looks a good deal rosier than it did back in the spring when George Osborne presented his Budget. But that does not mean he felt able to announce major tax reductions. He said that his plans for the coming tax year were fiscally neutral, although there were some significant changes.
These included welcome relaxations to business rates, some encouragement to employee share ownership and a new way for some people to boost their state pension entitlements with a new voluntary national insurance arrangement from 2015. There was less friendly news about capital gains on homes, especially for non-UK residents.
Our summary and notes provide a quick and easy guide to how the changes will impact you. We hope it will help you find what you need. Please let us know if you would like any further information or you want to discuss the implications of these important announcements.
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