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Autumn Statement 2016

23rd November 2016

Autumn Statement 2016 – Key Tax Measures
 In the Chancellor's Autumn Statement, as anticipated, there were no major changes announced.  Philip Hammond confirmed that this would be the last Autumn Statement, with a Budget in the Spring, followed by Autumn Budgets and a Spring review going forwards.   
 

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The introduction of Universal Credits nationwide has been delayed from the original timetable of all claimants being on Universal Credits by 2017.  The new timetable is such that existing claimants of Tax Credits will be merged onto Universal Credits between July 2019 and March 2022.

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