Rishi Sunak presented his Spring Statement on Wednesday 23rd March. So, what exactly did the Chancellor say and, more importantly, what did it actually mean?
The Chancellor responded to the Office for Budget Responsibility’s economic forecasts, as well as reaffirming the fundamental taxation changes which will affect businesses and individuals in the new tax year.
In our summary we have broken down the main areas of taxation, and have included comments on the more important changes, together with any planning points that may arise. In addition, we have included a detailed calendar of the most important dates for 2022/23 that will help you with tax planning ahead of time.
We hope the summary will provide you with a useful update and allow you to get to grips with the changes.
If you have any questions in understanding how the changes to tax affect you, please do get in touch.