UK Chancellor of the Exchequer Jeremy Hunt delivered the Autumn Statement 2023 on 22 November 2023. Some of the main tax measures are summarized in the Autumn Statement as follows. Further details are available in the Overview of tax legislation and rates (OOTLAR).
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Cutting taxes and rewarding hard work
National Insurance contributions (NICs) rates – The government will cut the main rate of Class 1 employee NICs from 12% to 10%. This will take effect from 6 January 2024. The governm…