Simmons Gainsford Summary Autumn Statement 2016

Summary of Autumn Statement 2016

Yesterday, Philip Hammond delivered his first Autumn Statement, and the first following Britain’s historic vote for Brexit in June.

We are pleased to attach our guide to the Statement here which provides an overview of the key business, tax and financial measures that may affect you.

Aside from the Autumn Statement, the Treasury’s drive to ensure tax compliance by those with overseas assets continues with the recent announcement of a Worldwide Disclosure Facility For further details please click here.

Finally, in addition to the new measures which we expect to be announced shortly, the Treasury has already provided much more detail on the changes to the taxation of UK resident but non domiciled individuals. For further details on announcements made, please click here.

If you have any queries on matters referred to above then please contact the following:

The Autumn Statement
Anthony Rose
Gary Moment

The Worldwide Disclosure Facility
Steven Strauss

The “Non-Dom” changes
Darren Hersey

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