What Does the Autumn Statement Mean for Businesses and Individuals in Northern Ireland?

Posted in : Supplementary Articles NI on 18 November 2022
Áine O’Hare
Issues covered: Autumn Statement; Budget

Áine O’Hare, Tax Lead Partner and International Business Lead for PwC Northern Ireland, comments on what the Autumn Statement means for businesses and individuals in Northern Ireland. 

There were no big surprises for businesses in today’s announcements in terms of the rate of corporation tax which will increase to 25% from 1 April 2023 as well as the commitment to the implementation of the Pillar 2 legislation. This provides certainty about the direction of travel on tax for the medium to long term. 

Business Update

The Chancellor has given large companies a much welcomed bonus by increasing the headline R&D credit rate from 13% to 20% resulting in a change in cash value from

Already a subscriber?

Click here to login and access the full article.

Don't miss out, start your free trial today!

Are you fully aware of the benefits of Legal-Island's Employment Law Update Service? We help hundreds of people like you understand how the latest changes in employment law impact on your business.

Help understand the ramifications of each important case from NI, GB and Europe

24/7 access to all the content in the Legal Island Vault for research case law and HR issues

Ensure your organisation’s policies and procedures are fully compliant with NI law

Receive free preliminary advice on workplace issues from the employment team at Worthingtons Solicitors

Already a subscriber, now or Start my free trial today

This article is correct at 18/11/2022
Disclaimer:

The information in this article is provided as part of Legal-Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article.

Áine O’Hare

The main content of this article was provided by Áine O’Hare. Contact telephone number is +44 (0)7718 979433

View all articles by Áine O’Hare