Overview

On 5th December 2012, the Chancellor delivered his Autumn Statement which included an economic update and announcements on future tax measures. Haines Watts' Autumn Statement Summary assesses the tax changes announced.

Topics covered include:

- Changes to personal allowances and tax bands.

- Changes to pensions reliefs.

- A tenfold increase in the Annual Investment Allowance to £250,000.

- A further reduction in the main rate of corporation tax.

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