The Chancellor will deliver his Autumn Statement at 12.30pm on 5 December 2012.

Although the statement is going to mainly update us all as to the state of the economy and latest forecasts we expect there will be announcements as to what we will expect to find in the 2013 Finance Act and Budget.

Key measures which have been considered and consulted on during the last year include:

  • Statutory residence test
  • Restriction on uncapped income tax reliefs
  • Disincorporation relief
  • Simpler tax accounting for small business
  • Taxation of residential property transactions (via a company)
  • General Anti Abuse Rule
  • Penalties for non-compliance with RTI

There have been many objections to several of these, so please do not regard this list as definitive.