Autumn 2022 Budget Notes

Autumn 2022 Budget Notes Below is a summary of some of the key points announced recently. Income Tax and National Insurance The current Income Tax and National Insurance thresholds are to be frozen at their current rates until April 2028. The additional rate Income Tax threshold, whereby income over £150,000 is currently taxed at 45%…

Emergency Measures – COVID-19

Following on from the Budget, the Chancellor yesterday announced an extension of the relief that is to be made available to businesses in the UK. We are still to see details of how the various reliefs are to be made available, but hope to advise clients on the various processes, as information becomes available. Please…