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The planned Corporation Tax increase to 25% has been cancelled. The rate will stay at 19%, the lowest in the G20. This will support business investment and help economic growth.

To support businesses to invest and grow, the Annual Investment Allowance will be permanently set at its highest ever level of £1 million from 1 April 2023. This will give 100% tax relief to businesses on their plant and machinery investments up to the level of £1 million.

We are widening the criteria of the Seed Enterprise Investment Scheme (SEIS), including allowing firms to now raise £250,000 under the scheme - 66% more funding than previously. This will help businesses to access the finance they need to grow.

The Company Share Option Plan (CSOP) limit allows businesses to offer employees share options worth up to £30,000. Now we’re doubling that to £60,000. This will encourage employers to offer more shares to their employees, so everyone can share in the success.

The government will introduce a modern, digital, VAT-free shopping scheme for international tourists. This will support high streets, shopping centres and airports, creating jobs in the retail and tourism sectors.

From 6th November the government is cutting National Insurance by 1.25 percentage points and cancelling the Health & Social Care Levy. This will: ✅ Reduce the tax on jobs ✅ Let families keep more of what they earn ✅ Support economic growth

We’re cutting Stamp Duty Land Tax which will help more people to move, promote residential investment and boost first-time ownership. All alongside our housing supply reforms in today’s Growth Plan.

From April 2023 the basic rate of Income Tax will be cut from 20p to 19p, helping working families keep more of their hard-earned cash. We will also abolish the 45p additional rate completely to attract global talent and incentivise enterprise.

The Growth Plan is now available on gov.uk. Click below to read the full document 📘👇

📢If you are a school or academy looking for help to manage your finances? Come and meet the Xfe team at the Schools & Academies Show in November! Click on the link to complete the form and drop this date in your diary to see us👇 register.schoolsandacademiesshow.co.uk/en/the-schools… #SAASHOW22 #education

Keep up to date with all the Autumn Statement News 👇 thornewidgery.co.uk/autumn-stateme… #AutumnStatement #autumnbudget #CostOfLivingCrisis #accountancytips

We are now in Shrewsbury! Key Details: 📌 Unit 8, Knights Park, Battlefield Enterprise Park, Shrewsbury, SY1 3TE ☎ 01743 649300 🚀 Launch date -Tuesday 17th January Excited to do business with you! #Shrewsbury #accountants #businessowners #shropshire

It's official we are now in #Shrewsbury Find out more by clicking on the link below: thornewidgery.co.uk/about/shrewsbu…

🥳Super Exciting News! 🥳 We are so proud to share we are finalists in the "Total Xero" category for the Xero Awards!👏 We can't wait to celebrate with all the other finalists on 19th April!🥂 #xero #xeroawards #accounting #accountancy #excitingtimes #xeroawards2023

FINAL NOTICE! 🔊 Don't forget claiming Super-deduction ends 31st March 2023! What is Super-deduction? 🤷‍♂️ If you want to find out more click in the link below to download our FREE helpful guide on this topic. thornewidgery.co.uk/news/helpful-g… #Accounting #taxexperts

Some of the TW team will be walking 26 miles in the Clun Valley Challenge on Saturday 13th May to raise as much money as possible for Be More Frank 💙 If you would like to donate some money please click on the link below 😊: gkcct.enthuse.com/pf/thorne-widg… #charityevent

Thank you to Shropshire Live for this feature on our charity walk for Be More Frank💙😊 We really appreciate the support! shropshirelive.com/.../accountant… #bemorefrank #charity #businesssupportingbusiness shropshirelive.com/business/2023/…

🎉 Exciting news! We've been shortlisted in THREE categories for the Accounting Excellence Awards! We can't wait for October! 😀👍 For more details, check out our press release: bit.ly/46k7tkk Accounting Excellence #AccountingExcellence #Awards #HappyMonday #proud

Thanks to Shropshire Star for covering our awards hat-trick shortlist story! 👏 With 2 of 3 offices in #ludlow and #shrewsbury we've got #Shropshire covered. Looking for a new accountant? 📞 01743 649300 📞 01584 87222 Read the full story here: 📰 bit.ly/3ymF4gO

💷 Autumn Budget 2024: Predictions & Advice 💷 With the Budget on 30th Oct, our CEO Dan shares insights on #capitalgainstax #inheritancetax #VAT on school fees non-dom tax status & #stampduty for non-UK residents 📽️ Watch the video below 👇 (Filmed pre-Budget announcement)