Autumn Statement 2016: On a page | KPMG | UK

Autumn Statement 2016: On a page

Autumn Statement 2016: On a page

Following the Chancellor's statement we have compiled the key announcements for multinationals, SMEs, individuals and employers.

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Autumn Statement 2016 On a page

The on a page covers the key measures from the Autumn Statement 2016. View the document here 

Overview of key measures: 

Multinationals – Confirmation of the changes to corporation tax on interest deductibility and set off of carried forward losses 

SMEs – Confirmation of the reduction in the corporation tax rate to 17% by April 2020

Individuals – Commitments to increasing the personal allowance to £12,500 and the higher rate tax threshold to £50,000 by April 2020 

Employers – Restriction of salary sacrifice arrangements to pension contributions, childcare vouchers, ultra-low emission vehicles and cycle to work schemes

All of KPMG's coverage is available on our dedicated Autumn Statement page. 

 

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