December 6th, 2013
Autumn Statement 2013
Over the years, the Autumn Statement in its various guises has become as big a showpiece event for the government as the budget, and with blanket media coverage this year was no exception. George Osborne spoke for almost 52 minutes much of which was spent pointing out the improved economic conditions, and laying down some clear challenges to Labour.
The message the Chancellor wanted us to take away was clear; the economy is improving but the job is not complete, or to put it another way, it might be hurting, but at least it's working. Not everybody agreed.
One of the announcements which drew a huge amount of comment was accelerating the increasing of the pension age to 68, and then to 69. Various people suggested that this would affect between 8 and 10 million people who would have to work for longer before drawing their state pension, although the estimated £500bn saving seemed eye-watering; not quite so impressive (but still not insignificant) when you realised that this would be spread over 50 years.
As usual, very little was given by way of detail about the tax changes and we were left to fight our way through a myriad of documents to find what has changed on the tax front, and work out what the implications would be. You can see what our experts made of the changes by having a look at the news analysis items from TolleyGuidance below. Hopefully, the work we have done will mean that things are a little clearer for you, though more detail will come out over the next week or so as we get the draft Finance Bill clauses, and we will be adding more news analysis items as we get more information.
It's been a long day for the whole team and I'm extremely grateful to them for their efforts in not only pulling this all together but also thinking about how the changes might affect you and your clients
Director of Exam Training & Practical Guidance
TolleyGuidance Autumn Statement 2013 in-depth analysis
About Tolley Guidance
TolleyGuidance is split into seven modules which focus on different areas of taxation; Personal Tax, Owner-Managed Businesses, Corporate Tax, IHT, Trusts & Estates, VAT, Employment Taxes and Audit, with more under development. These modules can be subscribed to individually or together giving you the ability to tailor your solution to meet your needs.
TolleyGuidance is designed to provide comprehensive information to help all levels of staff from junior employees to long serving partners. The tools you need to deal with common and complex client situations on a daily basis are structured in:
- Focused guidance notes
- Template documents & pro-forma
- Worked examples
- Bite-sized video lectures
- HMRC manuals and legislation
To unlock the power of TolleyGuidance and find out how it can grow your practice today,
About Tolley Library
Gain access to the most up-to-the-minute content with TolleyLibrary - the UK's largest reference library of its kind in the UK, dedicated to tax and accountancy. Save time and money, and boost efficiency with Tolley.
- Search easily with the Natural Language search bar
- Save time by specifying the particular type of document you need
- Narrow down your search with the Dynamic Bookshelf
- Browse books to read on screen
- Filter results to for increased efficiency
- Receive alerts with the three-step wizard
- Find relevant news displayed in the context of the work you're doing
December 06, 2013 - 10:46AM
|The guidance note shown comes from our product TolleyGuidance. If you would like more information about TolleyGuidance click here|
|If you would like more information about TolleyLibrary click here|
If you would like to receive other notices of up-coming changes and analysis of key points of taxation then you can subscribe to our series of free newsletters.