Confused by new NICs changes?
The changes to NICs announced in the Spring Statement were not straightforward for employees, company directors and the self-employed. Let’s set the record straight.
Spring Statement
An overshadowed Spring Statement
Ever since he announced a move to an Autumn Budget in 2016, Mr Hammond has made it clear that he wanted to avoid the Spring Statement counterpart becoming a mini-Budget. His vision was that in March he would be presenting a brief response to the latest forecasts from the Office for Budget Responsibility (OBR).
A simple Spring Statement
The Chancellor’s Spring Statement on 13 March was, as promised, a low-key event.