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The Chancellor of the Exchequer delivered his budgetary Autumn Statement on 25 November 2015. In this Client and Friends Alert we have outlined the key tax measures that we expect to be of interest to Cadwalader’s clients and friends. Following the two UK Budgets held in March and September 2015, the number of announcements made by the Chancellor in the Autumn Statement is less than has been the case in previous years. As regards those announcements which have been made, much of the detail is absent at this stage. Further detail and proposed legislative drafting for these measures is expected in the Finance Bill 2016, scheduled to be published on 9 December 2015.