[ˈɔːtəm ˈbʌʤɪt]
The Autumn Budget is a declaration made by the Chancellor that outlines plans for government spending and taxation. It happens once a year.
The Autumn Budget is an annual financial statement delivered by the Chancellor of the Exchequer in the United Kingdom. In this statement, it outlines the government's spending plans and proposed tax changes for the coming year.
It is one of two major financial statements given throughout the year. The Spring Statement is the other one
Historically, the budget was announced in the spring but was moved to the autumn in 2017 to allow time for new legislation to pass before the start of the Fiscal Year.
Announcements about Income Tax and Corporation Tax are always included as well as other changes, so it is important to monitor which changes will affect you.
There are loads of different tax laws in the United Kingdom. IR35 is very important to freelancers and contractors but can be a little confusing. Here, we explain simply what IR35 is and who it can affect.
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Self-employed individuals can use two different methods to expense business vehicle costs. Here, we investigate the positive and negatives for both methods and which one might be right for you.
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