Roll on L Day

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Chris Sanger, global head of tax policy comments:

“Today’s Autumn Statement was reminiscent of a Pre-Budget Report, with 38 measures announced including cuts in tax rates, reductions in allowances, freezing the fuel duty and lots of spending changes. Attention will now move to Legislation Day, on Tuesday next week, when the draft Finance Bill will be published and details behind many of the proposals become apparent. This will include the much-commented on General Anti-Abuse Rule, the new residency test and the cap on income tax reliefs.”