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What to expect in tax in 2023: employment tax perspective

Plus ça change?

Despite the political upheaval in 2022 the outcome was that from an employment tax perspective at least the more things seem to change the more they have really stayed the same. Jeremy Hunt’s Autumn Statement confirmed that from an employment tax perspective at least we can expect this to be the case for some time.

The Autumn Statement froze the personal allowance and income tax bands and set a timeline for a reduction in the dividend and savings allowances. With inflation running high freezing tax bands (and reducing the additional rate threshold) is an effective stealth tax for the government and we shouldn’t be expecting any changes to this approach in 2023. Hunt’s statement included a U-turn on Kwasi Kwateng’s own IR35 U-turn putting us back to the rules that have existed since 6 April 2021. This is...

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