Tax breaks for small business, new measures against tax avoidance and tax incentives for investment in young people and shale gas were among the main announcements the 2013 Autumn Statement.
In his speech earlier on Thursday, Chancellor George Osborne also said that HMRC would be exempt from further budget cuts for Whitehall departments as he previewed a £9bn programme to increase the tax take by clamping down on "evasion, avoidance, fraud and error".
Employer National Insurance contributions are to be scrapped on 1.5m jobs for young people. "Employer Nics going for under 21s. Undisputed good news at last," commented BDO employment tax and rewards partner Philip Fisher in AccountingWEB's live autumn statement blog. More than 220 participants from both AccountingWEB and our sister site BusinessZone...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.