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Autumn Statement 2016 Report

ICAEW Tax Faculty provide a comprehensive summary of the announcements relating to tax in the 2016 Autumn Statement, the first from Theresa May's government and Chancellor Philip Hammond.

Autumn Statement 2016

Read the Tax Faculty's comprehensive summary of the announcements on tax and related matters in the Autumn Statement 2016

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The Chancellor of the Exchequer delivered his Autumn Statement on 23 November 2016.

This is a summary of the announcements on tax and related matters. It has been prepared by the ICAEW Tax Faculty team, with an overview by Frank Haskew, and edited by Jane Moore.

The Autumn Statement documents include details of changes which have been announced previously. This summary focuses on new announcements.

All the government announcements and publications including the ‘Green Book’ can be found on GOV.UK.

The Tax Faculty analysis covers:

  • Budget and Finance Bill timetable
  • Rates and allowances
  • Personal tax and employment taxes
  • Pension and savings
  • Tax credits and state benefits
  • Business and company tax
  • VAT and duties
  • Other taxes
  • Avoidance, evasion and compliance
  • Administration and HMRC
  • Devolution of taxes