Autumn Statement 2013 – summary of main points

Here is a summary of the announcements initially picked up from the Autumn Statement 2013, taken from our tweets. Sign up to our ‘Save Tax’ newsletters on this page to receive a full report on the morning after the Autumn Statement Speech made on 5th December 2013.

autumn statement 2013

  • UK growing faster now than any other advanced economy says Chancellor
  • OBR forecasts 400,000 jobs created this year, compared with earlier prediction of zero job creation this year
  • Osborne – “This time we will fix the roof while the sun is shining”
  • Chancellor – cap overall welfare spending. Have saved £19bn a year. Next year new cap but to exclude state pensions and JSA
  • Cuts exclude HMRC…no comment.
  • Faster rise in Pension age expected shortly, well about 20 years
  • Pension age to rise to 68 in 2030s, and 69 in 2040s – Auto enrollment never seemed so relevent
  • Lots of tax evasion and avoidance being targeted but no extra HMRC budget to enforce it?
  • Tax avoidance, Tax evasion and Fraud could net £9bn
  • Non residents to pay CGT on sale of UK property
  • Commitment to further new housing projects right across the country, plus right and help to buy schemes
  • Some of those tax avoidance and evasion plans sound very ambitious, we’ll get the details soon
  • Big tax break announced for shale gas #AS2013> Good news for the ‘desolate’ northeast!
  • Tougher rules for school leavers who will have to take apprenticeships or training.
  • Expansion for apprenticeship and enterprise allowance schemes
  • More start-up loans being provided to help young people create their own businesses

Get a full Autumn Statement Report tomorrow morning. Sign up to our ‘Save Tax’ newsletters on this page.

  • Business provides opportunities. Lowering the burden of tax essential. Tax relief for social enterprises, film tax relief.
  • Business rates relief extended another year and capped at 2% increases
  • Vacant shops to be brought back into use by introduction of business rate reductions
  • £1000 off business rates for small shops
  • Every retail outlet with rates of £50K will get a discount worth £1K – pubs, shops, cafes, small business
  • Personal allowance rise to £10,000, from April 2014 as previously announced
  • April 2015 will see transferable personal allowance between spouse, civil partner for basic rate
  • HMRC will fund apprenticeships directly to small business
  • Next year’s fuel duty rise is cancelled
  • 2% business rate cap officially announced. Good but not good enough. A tax rise is still a tax rise
  • Employer NI contribs to be abolished for those under 21
  • Average rail fares remaining “flat in real terms”

Sign up to our ‘Save Tax’ newsletter on this page to receive a full report on the morning after the Autumn Statement Speech made on 5th December 2013.


Fee Calculator



Privacy Notice

* Required

Fees exclude VAT

What our clients say about us
D McIvorD McIvorBeyond the Fridge (Frome) Ltd
We’ve been with Cloudbook Accountants for some time now and would highly recommend Paul Colman FCA to any business looking for a truly enlightened advocate of online accounting and integration to online services. Having experienced several accountancy firms during my career, both large and small, I can honestly say that Cloudbook’s holistic approach to our business is by comparison the most efficient and cost effective, something we’ve long been searching for!"

see more

Gabrielle ShegogGabrielle ShegogSimple Software Solutions Ltd

Paul has been invaluable in providing accountancy services for my small business. As a small business owner, my time is valuable and so it's great having the piece of mind that I can rely on Paul to sort out my accounts for me. He is always prompt and clear in explaining anything I don't understand and I look forward to working with him well into the future.

see more

Zafer SaygilierZafer SaygilierSayturk Ltd
I have been dealing with Paul for the past 2 years, he has been amazing sorting out my very complex and disorganised affairs in no time and has provided me with clear advice and solutions tailored to me and my operations . I would recommend him and his professional services to anyone without any hesitation."

see more

L FergusonL FergusonPaul Ferguson Electrical Ltd
I really appreciate your help, I know we pay you but you have been worth every penny and I am truly thankful for your assistance!!"

see more

This is the first time I have used cloud based accounting. It has been a refreshing change. I found Paul to be extremely helpful in setting things up being a new user. Communication was done by email and i always received a response within a day. Very knowledgeable and excellent communication. And a fantastic bonus was that the service was 1/3 cheaper than what i was paying using a traditional accountant. I would without hesitation recommend Paul. Just brilliant.

see more

A CuryA CuryHouse of Greenland Ltd
Since the beginning of our start up and especially during busy and pressuring times, Paul has been by our side to help us dealing with accountancy. His patience with my lack of talent with numbers was amazing - I thank him for that and would recommend him in a heartbeat."

see more

Trevor HolmesTrevor HolmesPrecise Marketing Ltd
I have yet to meet someone as meticulous with numbers and calculations as Paul. An extremely personable individual who knows his work inside-out. He is highly self-motivated, independent and efficient – all the qualities that I look for in an accountant for my business. All of my accounting needs are immediately processed well ahead of schedule. Paul plays a pivotal role in all my financing activities, which allows me to successfully grow my company. He will be an asset to any company that decides to use his services and I recommend him completely for any accounting needs."

see more

Jesús CarreraJesús CarreraBitien Ltd

It took me a while to find an accountant that understands the needs of the modern times. Paul is very good at using cloud systems that reduces unnecessary paperwork (specially in printed form), and accelerate communications. My accounting and bookkeeping is less annoying now. Thanks Paul.

see more

Anthony PearceAnthony PearcePearce UK Consulting Ltd
Good accountant with proven electronic processes."

see more

Martin KruusimägiMartin Kruusimägi
It has been great working with Paul. He is punctual and accurate, but I most appreciate the fact that I can go to him with any question, no matter how insignificant or elaborate. Thanks Paul, it's been a pleasure!"

see more

Steven TrotterSteven Trotter
Many thanks for a very fast and professional job and look forward to working with you again."

see more

Iain CowardIain CowardBiggerbet Ltd

Paul did a great job with our accounts. He delivered on deadline with minimum hassle for us. He uses technology very well and this helps provide top-notch service.

see more

Annie MulvanyAnnie MulvanyFreelance Show Caller

Paul was a delight to work with. Flexible, understanding and endlessly patient; I would recommend him in a heartbeat.

see more

Jhem MurrayJhem MurrayJeystone Media Ltd
We have used several accounting firms in the past and switched quite a few times, but since discovering Paul Colman FCA I can say with confidence that this is the level of service and value we have been looking for all along.

see more

Mike BellMike BellJourneys To Wellbeing Ltd
Paul Colman takes all the pressure off and lets us get on with our work by taking care of the little detail as well as the big picture."

see more

Save Tax!

Pay less tax completeSign up for monthly Tax Tips & News emails and receive this FREE GUIDE

First name:
Last name:

© 2018 CloudBook Accountants Ltd | Registered in England and Wales 08966635 | Registered Office: 44 Ruskin Drive, Newcastle Upon Tyne, NE7 7FL  Privacy Notice

Leave a message: 0191 4065 351 | Email: | Twitter: @CloudAcountants