COMPLIANCE
Will the rabbits be hibernating this autumn statement?
With a general election expected in 2024, AccountingWEB editor, Richard Hattersley wonders if the chancellor will pull any rabbits out of the hat this autumn statement or will they be hibernating until the spring budget?
T he chancellor will be delivering the autumn statement on 22 November, alongside the publication of the Office of Budget Responsibility’s economic forecast. Fiscal statements are known for
chancellors pulling rabbits out of the hat. Jeremy Hunt’s ‘rabbit out of the hat’ moment at the spring budget was abolishing the pensions lifetime allowance. But with a general election expected either in the late spring or autumn next year,
the government may wait until the spring budget, likely in March next year, to pull a whole warren of rabbits out of the hat. So, what can accountants, bookkeepers and payroll professionals expect when Jeremy Hunt stands at the despatch box this November? Possibles In recent weeks, we’ve seen political kite-flying exercises which have teased significant reforms to inheritance tax. If the government does decide to scrap
"So, what can accountants, bookkeepers and payroll professionals expect when Jeremy Hunt stands at the despatch box this November?"
| Professional in Payroll, Pensions and Reward | November 2023 | Issue 95 22
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