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

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This article is correct at 18/11/2022

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Áine O’Hare

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