Government Departments

Autumn Statement Update

by Berthold Bauer on November 23, 2016

The update today has announced very little in the way of VAT changes. They reinforced their attitude towards tax avoidance by confirming that a new penalty regime will be introduced for those involved. They also commented that they were specifically focusing on shutting down inappropriate use of the flat rate scheme.

On a positive note, they did also announce that £10bn of additional funding will be provided to the NHS by 2020/21, which is an increase from the previously announced figures.

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Berthold BauerAutumn Statement Update

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