Has the Chancellor found the secret to raising receipts without raising taxes? Chris Sanger (EY) investigates.
Labour’s Business Partnership for Growth published in February 2024 promised that the new Chancellor would deliver just one fiscal event a year an Autumn Budget and that the Spring would bring a mere revision to the forecast. The same document also set out some welcome certainty on dates for the Autumn Budget (the last two weeks of November) and the Spring Statement date (the first two weeks of March) which whilst slipping a couple of weeks has almost been met. So has the Chancellor met the commitment to only one fiscal event a year?
Not a fiscal event?
Overall the Chancellor seems to have managed this. Tax policy changes were conspicuous by their absence. Indeed the word ‘tax’ was only mentioned ten times in...
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Has the Chancellor found the secret to raising receipts without raising taxes? Chris Sanger (EY) investigates.
Labour’s Business Partnership for Growth published in February 2024 promised that the new Chancellor would deliver just one fiscal event a year an Autumn Budget and that the Spring would bring a mere revision to the forecast. The same document also set out some welcome certainty on dates for the Autumn Budget (the last two weeks of November) and the Spring Statement date (the first two weeks of March) which whilst slipping a couple of weeks has almost been met. So has the Chancellor met the commitment to only one fiscal event a year?
Not a fiscal event?
Overall the Chancellor seems to have managed this. Tax policy changes were conspicuous by their absence. Indeed the word ‘tax’ was only mentioned ten times in...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
