Craig Simpson, Tax Partner at Bates Weston considers whether Income Tax will be cut in tomorrow’s Autumn Statement.
What do the changing tax rates and allowances announced in the November 2022 Budget mean for profit extraction from your company?
Summary report on the Autumn Statement delivered by the Chancellor 17 November 2022
Craig Simpson, Tax Partner at Bates Weston looks at the growing trend towards employee Ownership and the Employee Ownership Trust in particular.
In Jeremy Hunt’s statement yesterday, he told us which Mini-Budget measures are staying and which are not going ahead. The summary is simple. Everything goes except abolishing the Health & Social Care Levy, changes to Stamp Duty and the increased Annual Investment Allowance.