The Autumn Budget is a statement made every year by the Chancellor of the Exchequer to the UK Parliament, setting out the UK Government’s plans for raising and spending money.
How the Autumn Budget affects you as an individual:
If you’re an everyday taxpayer, it might be a good idea to pay attention to what’s in it.
Quite often, changes to Income Tax are announced in it.
It’s also good to know that this is one of two major financial announcements given in a financial year (not the same thing as the tax year; the financial year runs from 1st April to 31st March). The other announcement is called the Spring Statement. Both can bring changes to your personal tax situation.