In last week’s fiscal event, Chancellor Kwarteng set out a new tax-cutting agenda marking a radical shift in tax policy. Measures include: cuts to income tax, the reversal of the NIC increases, the scrapping of the planned increase in corporation tax, a permanent £1m annual investment allowance, the unwinding of the 2017 and 2021 off-payroll working rules changes and cuts to SDLT. See page 12 for full details.
In last week’s fiscal event, Chancellor Kwarteng set out a new tax-cutting agenda marking a radical shift in tax policy. Measures include: cuts to income tax, the reversal of the NIC increases, the scrapping of the planned increase in corporation tax, a permanent £1m annual investment allowance, the unwinding of the 2017 and 2021 off-payroll working rules changes and cuts to SDLT. See page 12 for full details.
