Autumn Statement preview: what UK service teams should watch
VAT thresholds, capital allowances, and employment incentives are all on the Chancellor's radar. Use this checklist before the speech lands.
Not tax advice
Toolfy shares operational guidance, but you must confirm CIS and HMRC requirements with a qualified accountant who understands your business.
Autumn Statement preview: what UK service teams should watch
The Chancellor delivers the Autumn Statement later this month. Here are the three policy areas most likely to affect Toolfy customers, plus actions you can take now.
1. VAT registration threshold (currently £90k)
- Treasury has hinted at freezing or lowering the threshold to bring more micro-businesses into VAT.
- Action: Use Toolfy’s revenue reports to see how close you are to £90k trailing 12 months. If you’re at £85k+, prep VAT pricing scenarios.
2. Capital allowances for vans and equipment
- Expect an extension or tweak to full expensing, which helps multi-van teams upgrade kit.
- Action: List the vehicles/tools you plan to buy in 2026. If full expensing continues, you may accelerate purchases.
3. Hiring incentives / NIC reliefs
- Government wants to boost employment; watch for reduced employer NIC on apprentices or young workers.
- Action: Keep a shortlist of roles you want to fill. If reliefs appear, you can trigger hiring quickly.
Toolfy prep checklist
- Export your profit & loss and job revenue reports so you can model new VAT scenarios.
- Tag capital expenditure in Toolfy so your accountant can pull numbers fast.
- Make sure payroll exports are clean; if NIC changes arrive, you’ll need accurate headcount data.
After the Statement
We’ll publish a follow-up summarising the confirmed measures and what to toggle inside Toolfy (rates, tax codes, KPI dashboards). Subscribe to the blog RSS or Slack #finance channel to get it first.
⚠️ Important Disclaimer
This guide is for general informational and educational purposes only. It does not constitute professional advice of any kind (legal, financial, tax, insurance, or otherwise).
Before making business decisions: Consult with qualified professionals (solicitors, accountants, insurance brokers, etc.) who can assess your specific circumstances. Laws, regulations, and industry standards change frequently and vary by location and situation.
Toolfy and the article authors accept no liability for decisions made or actions taken based on information provided in this guide. You are solely responsible for ensuring compliance with all applicable laws and regulations.
Frequently Asked Questions
What VAT changes might affect service businesses in the Autumn Statement?
Should I accelerate vehicle purchases before the Autumn Statement?
What hiring incentives should I watch for in the Autumn Statement?
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