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Spring Statement

Our summary of all the key announcements.

Introduction

Chancellor Rishi Sunak presented his first Spring Statement on Wednesday 23 March 2022.

Personal tax

Income tax, savings and dividends.

Business tax

Making Tax Digital, Corporation Tax, capital allowances and R & D tax relief.

Employment taxes

National Insurance and NLW/NMW.

Capital taxes

Capital Gains Tax and Inheritance Tax.

Other Matters

VAT, Vehicle Excise Duty and Landfill Tax.

Latest News

18 Aug 2022

Energy firms call for windfall tax to be scrapped by 2025

Trade body Offshore Energies UK (OEUK) has stated that the Energy Profits Levy, also known as the 'windfall tax', on UK energy firms should be scrapped by 2025 or it could risk having a 'detrimental impact' on investment in the sector.

17 Aug 2022

Data reveals inflation hit 10.1% in the 12 months to July

Data published by the Office for National Statistics (ONS) has revealed that the rate of inflation hit 10.1% in the 12 months to July 2022, up from 9.4% in June.
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