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At the end of November, the autumn statement was realest.

As with any government announcement, a lot of information and updates were released. In this blog, we have removed the jargon and focused on the topics that will affect our clients.

 

Changes that will affect employees:

 

Changes that will affect the Self-employed:

 

With each quarterly submission, a cumulative total of income for the year- to-date will need to be included. This will remove the need to submit amendments to previous quarters if corrections are needed.

 

Other tax updates:

 

 

We hope the information above has helped clarify some of the change that will affect you and your business in the coming few months. If you have questions on other announcements or wish for more information regarding the above changes, our team is always available to answer your questions.