Category: 2022

Autumn Statement 2022 - What's in it for you?

11/17/2022

The Chancellor delivered his Autumn Statement this week. Many of the measures announced were given much advance coverage and in one or two cases were not as tight as many had predicted.
In this latest blog I've covered the major points of interest for my followers and readers to make sure you get the information you might need.

It's in manageable portions and in plain language to make things easier to follow

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September 2022 "Mini Budget"

9/27/2022

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Photo by Towfiqu barbhuiya on Unsplash

Last week the Chancellor delivered a “mini budget” aimed at stimulating the economy.

Many of the measures announced were given much advance coverage but some things were unexpected:

Changes to IR35 basically taking us back to where we were
Removing the top rate of income tax (England) from April
Changes to Stamp Duty

I have set out the main changes below although there remains some uncertainty on some of the transitional rules for things like Capital Allowances.

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Spring Statement 2022

3/28/2022

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Photo by Towfiqu barbhuiya on Unsplash

This week the Chancellor delivered this year’s spring statement – this was initially intended to be a spending style announcement but following the price of energy increasing to high levels, it did include a little tax.

Here is a summary of what to expect for the 2022/23 tax year – some of the things are not new but I thought it important to remind everyone!

An increase in the National Insurance threshold to £12,570 from 6th July
The planned increases in National Insurance will continue from 6th April
A planned increase in corporation tax from 2023 for some companies continues
New temporary loss reliefs for companies and the ‘super deduction’ for qualifying capital expenditure continue
The standard rate of Vat for hospitality resumes
No changes in tax allowances
Increased wages as previously published

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Photo from Ivan Radic

Autumn Statement 2022 - What's in it for you?

September 2022 "Mini Budget"

Spring Statement 2022

Nigel Gorski

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