17 Nov 2022
Today the Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor set out the government’s plan to put public spending on a sustainable footing and get debt falling, while protecting vital public services and prioritising the needs of the most vulnerable. Full details are set out in the Autumn Statement document on GOV.UK, alongside other relevant documentation from the OBR and Treasury. A focused Autumn Finance Bill will be introduced next week to legislate for some of the measures announced today.
Key tax announcements today include threshold and allowances measures, energy levy changes, changes to R&D Tax Credits and Stamp Duty Land Tax (SDLT), as well as confirmation of the Corporation Tax (CT) rate increase and the OECD Pillar 2 measure. The Autumn Statement also includes a small number of avoidance and evasion measures.
Threshold freezes and personal tax allowance measures
Corporate Tax changes
Stamp Duty Land Tax (SDLT)
Avoidance and evasion
Other measures include:
14 Nov 2022