This was a big, broad budget raising £26bn in taxes

Commenting on the Autumn Budget today, Amanda Tickel, head of tax and trade policy at Deloitte UK, said: 

“This was a big, broad budget raising £26bn in taxes, with the burden resting more on individuals than businesses. The freezing of income tax and NIC thresholds went beyond what was trailed, extending into the next Parliament and is expected to raise £7.8bn in 2029-30. 
 
“The 88 measures announced today undoubtedly add to the complexity of the tax system; there was little simplification, except the abolishment of one duty. That said, many of the tax rises are being phased in gradually, which gives time to prepare and adapt.

“There is a positive message around growth if you consider the life cycle of business – there were improvements to the Enterprise Management Incentives at start up, through to the relief from Stamp Duty on newly listed shares. Of note was the pioneering approach to road pricing, building resilience into the tax system for the future.

“There is a continued focus on closing the tax gap, with further actions announced – including a whistleblower scheme to improve the way the tax system is administered – set to bring in a massive £10bn per year by the end of the parliament.”

Note to editors

Deloitte spokespeople

Deloitte has a range of spokespeople available to comment on today’s Budget. They can be reached on 02920 927541 or one of the following numbers: 

• Ian Stewart – chief economist (+44 7785 682226) 
• Amanda Tickel – head of tax and trade policy (+44 7774 337581) 
• Rachel McEleney – personal tax (+44 7826 952940) 
• Alison Lobb – corporate tax (+44 7887 629107)
• James Caldecourt – trade and tariffs (+44 7774 337581) 
• Michael Nicolaides – employment tax (+44 7586 511104) 
• Simon Down – automotive (+44 7824 895798)
• Helen Kaye – hospitality (+44 7824 895798)
• Sophie Brown – retail (+44 7824 895798)
• Andrew Clarke – VAT (+44 7586 511104)
• Philip Parnell – business rates (+44 7990 434703) 
• Ed Roddis – public sector (+44 7855 399368)
• Toby Price – stamp duty (+44 7990 434703)
• James Clare – carried interest (+44 7586 511104) 

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