MT Week - Four things affecting self employed workers in the Autumn Statement
The 2023 Autumn Statement was announced this week and, rather unusually, there are some big changes affecting self employed workers on the horizon.
The “simplification” of National Insurance Contributions (NICs) was the headliner; the changes mean most people will see a reduction in the amount of NICs they have to pay.
However, self employed workers on lower income may not benefit from the cuts immediately - more on that later.
There are also a number of other announcements affecting self employed workers, ranging from a Making Tax Digital update to changes to deductible expenses.
Not everything is fully fleshed out yet, but here’s what we know so far.
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