0370 270 6000

Want to know about future tax changes? Keep polishing your crystal ball!

13 September 2011

Earlier this week (6 September 2011) the chancellor, George Osborne, announced that he will make his autumn statement on 29 November 2011.

From 1997 to 2009 this statement took the form of a pre-Budget report – almost a “mini-Budget” -under which initial details of proposed changes to the tax regime were often released ahead of the main Spring Budget.

The government is currently under pressure to make tax cuts, with some arguing that the standard rate of VAT should be reduced and others pushing for the 50% “super rate” of income tax to be abolished.

However, in contrast to the pre-Budget reports, the Coalition’s autumn statements focus more on the economy’s current performance and respond to the Office for Budget Responsibility’s forecasts and so Mr Osborne is unlikely to be giving us a taster of the 2012 Spring Budget in November.

For now, therefore, speculation over future tax changes will continue. Watch this space…

Related opinions

Can employees bring a claim when they are in breach of their contract?

Can an employee, who has been in breach of their contract in the past, successfully bring a claim for breach of contract by their employer following their dismissal?

View blog

Employer's beware: Government announces changes to IR35

The Chancellor, Phillip Hammond, has just delivered his latest budget and with it, a significant change to the way liability for IR35 breaches will be dealt with for private sector companies from April 2020.

View blog

Leaked 'Panama Papers' reveal vast array of offshore companies and trusts

Approximately 11 million documents have been leaked from Panamanian law firm Mossack Fonseca, which specialises in commercial and trusts law…

View blog

In force: Senior Managers and Certification Regimes

This week sees the implementation of the Senior Managers and Certification Regimes as well as the Senior Insurance Managers Regime, designed to reform behaviour and promote individual accountability in the banking and insurance sectors.

View blog

Mailing list sign up

Select which mailings you would like to receive from us.

Sign up