The Autumn Statement was delivered amidst a significant deterioration in the UK’s economic and fiscal outlook (due to the cost of living crisis and various global challenges, including the impact of the illegal war in Ukraine) with most forecasters predicting the economy moving into a recession.

The UK Chancellor’s primary focus was to deliver a balanced package of measures aimed at fiscal stability, while helping to tackle the cost of living crisis and preserving the necessary conditions for economic growth.

The KPMG in Northern Ireland tax team have prepared an overview of the main announcements on:

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If you have any questions on what the Autumn Statement might mean for your business, please contact Johnny Hanna or Mat Scott of our Tax team. We'd be delighted to hear from you.

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