Chancellor Jeremy Hunt delivered his Autumn Statement today and we have been analysing the announcements. Here are some key takeaways: 💰 National Insurance rate cut from 12% to 10% (from January 2024) 📈 National Living Wage increase to £11.44 per hour (from April 2024) 🔬 Some changes to the R&D tax credits scheme ⚖️ Self-employment taxes reformed. Class 2 NIC abolished. Class 4 NIC reduced from 9% to 8% (from April 2024) 🗂️ Measures to tackle the late payment problem 🗒 No change to tax thresholds announced For an in-depth look into how this could impact your business and for more details on what was announced, read our Autumn Statement blog post: https://lnkd.in/eQPBaTzb #tax #autumnstatement #budget
