A Lexis®PSL Tax summary of the key tax-related announcements made with the Spring Statement on Wednesday 23 March 2022.
The Chancellor of the Exchequer Rishi Sunak delivered his Spring Statement on Wednesday 23 March 2022.
Alongside the Spring Statement HM Treasury and HMRC published a collection of policy papers including one on the new three-part Spring Statement tax plan. The stated aim of the tax plan is to ‘strengthen’ the UK economy by cutting taxes to help families with the rising cost of living (the first part of the plan) boost growth and productivity by incentivising business investment in capital people and ideas (the second part of the plan) and letting people retain more of what they earn (the third and final part of the plan).
Headline-grabbing announcements included:
• a 12-month cut to fuel duty by 5p a...
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A Lexis®PSL Tax summary of the key tax-related announcements made with the Spring Statement on Wednesday 23 March 2022.
The Chancellor of the Exchequer Rishi Sunak delivered his Spring Statement on Wednesday 23 March 2022.
Alongside the Spring Statement HM Treasury and HMRC published a collection of policy papers including one on the new three-part Spring Statement tax plan. The stated aim of the tax plan is to ‘strengthen’ the UK economy by cutting taxes to help families with the rising cost of living (the first part of the plan) boost growth and productivity by incentivising business investment in capital people and ideas (the second part of the plan) and letting people retain more of what they earn (the third and final part of the plan).
Headline-grabbing announcements included:
• a 12-month cut to fuel duty by 5p a...
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:
