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Autumn Statement 2022

You are here: Home / Tax / Budget / Autumn Statement 2022

By

Key Points

  • An expansion to the windfall tax from 25% to 35%
  • Freezing personal allowance thresholds until April 2028
  • Capital gains tax allowance cut from £12,300 to £6,000
  • Freeze inheritance tax nil rate bands until 2027–28
  • Revised the energy support package from April 2023
  • Dividend allowance will be cut to £1,000
  • Electric cars no longer exempt from vehicle excise duty
  • Freeze employers’ NI threshold until April 2028
  • VAT threshold maintained until March 2026
  • R&D relief for SMEs cut to 86% and the credit rate to 10%
  • SDLT cut will remain only until March 2025
  • Increasing the national living wage for 23-year-olds and over to £10.42.
For a detailed analysis please click on the links below;

Guide-to-Autumn-Statement-2022

Guide-to-SDLT-rates-November-22

Filed Under: Budget, Tax

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