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Spring Statement JVCA

The Chancellor’s Spring Statement

There seems to be plenty to celebrate as a business owner in the recent Spring Statement:
– Fuel duty cut by 5p/litre for 1 year
– No VAT charged on energy efficiency materials
– National Insurance threshold to rise to £12,570
– Employers’ allowance increased to £5,000
– And an income tax cut in 2024

Here’s the JVCA summary of what was announced, and how it might affect you:

If you’d like to find out more or talk through your particular circumstances and how the Spring Statement affects you, we’d be very happy to help! Contact us

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