Chancellor Confirms Autumn Budget Date: 26th November Marks Critical Planning Deadline
The Chancellor has officially announced that the Autumn Budget will be delivered on Wednesday 26th November. This provides a relatively short window for businesses and advisers to review and finalise any pending tax planning strategies before potential legislative changes are introduced.
In the current economic and fiscal climate, it would be unwise to assume continuity in existing reliefs and allowances. While no specific measures have been confirmed, the direction of travel suggests that certain tax advantages may be reconsidered or withdrawn altogether.
The Chancellor said that while Britain's economy "isn't broken … it's not working well enough for working people". That statement in itself suggests who will be protected and those who are not within their definition of “working people”, may be exposed.
We will continue to monitor developments closely and provide timely updates as further details emerge. For tailored advice or to discuss how these changes may affect you or your clients, please contact us directly as soon as possible.
How Can Qubic Help?
To navigate these potential changes, Qubic offers tailored tax planning services. Our expertise can help mitigate the impact of higher taxes and leverage current reliefs effectively. The window of opportunity to capitalise on existing tax rates and reliefs is narrowing, making now the time to act.
We understand that uncertainty surrounding tax changes can be challenging, and we are here to help you.
To learn more about our tax planning services or to discuss your options with a member of our team, simply get in touch using the details below:
Get in touch: If you're ready, let's talk!
Email: info@qubic-group.com
Call: 0191 232 2001
Kind regards,
QUBIC