![76558](https://www.taxation.co.uk/images/default-source/woodwing/76558.png?sfvrsn=52150900_2)
Key points
- The view seems to be that the chancellor did not come out of the post-statement interviews well.
- The alignment of the personal allowance with the National Insurance contributions threshold makes sense from a tax simplification point of view.
- Changing the National Insurance threshold part-way through the tax year is likely to cause problems for software producers and self-employed workers.
- The tax plan document was disappointingly low on detail.
The chancellor really shouldn’t make major economic statements on a Wednesday. It plays havoc with our publishing schedule because we go to press on a Tuesday morning so we cannot cover it in the issue which drops through readers’ letter boxes on a Thursday. But at least this gives us a few days to think more closely about what last week’s Spring Statement actually means and to take account of what the political and economic reactions have been.
The general...
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.