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In Chancellor Jeremy Hunt’s Autumn Statement, the emphasis on cutting taxes and rewarding hard work emerges as a cornerstone of the government’s economic strategy. This article takes an in-depth look at the nuanced changes, particularly concerning income tax and National Insurance Contributions (NICs), and how they impact both employees and the self-employed.

This summary will provide you with an overview of the key points from Chancellor Jeremy Hunt’s Autumn Statement, which was presented on 22 November 2023.

As Halloween approaches, many businesses might be feeling a shiver down their spine at the thought of Making Tax Digital (MTD).