Spring Statement Summary 2022

Spring Statement Summary 2022

A summary of the Spring Statement 2022 and a round up of the significant measures announced in the two 2021 Budgets that may impact your finances.

The Spring Statement 23 March 2022

The Spring Statement 23 March 2022

In his Spring Statement, Mr Sunak announced a 5p cut in fuel duty, an alignment of NI thresholds with personal tax allowance from July 2022, and promised a 1p cut in income tax, but not until April 2024.

Temporary changes to fit notes

Temporary changes to fit notes

For Statutory Sick Pay (SSP), where employees go off sick on or after 10 December 2021, employers can only ask employees for proof of sickness (such as a fit note) after 28 days of sickness (including non-working days) instead of the usual 7 days.

Health and Social Care Levy

Health and Social Care Levy

A summary of the PM’s statement on Health and Social Care, the introduction of the 1.25% Health and Social Care Levy from April 2022 and the lifetime cap on care costs of £86k from Oct 2023.

Off Payroll Working Guide

Off Payroll Working Guide

A guide to the new off payroll working rules, effective from 6 April 2021 and the actions personal service company directors may need to take.