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Tax policy challenges in 2022

Chris Etherington, Tom Dews and Kate Aitchison (RSM) consider what the tax world may have in store for tax advisers in 2022.

As we say goodbye to 2021 many will be eager to escape the ‘groundhog day’ of recent challenges and look forward with optimism to the year ahead. The chancellor and his colleagues at the Treasury in particular may be hoping for a fresh opportunity to set the agenda rather than react to events. Several matters in the chancellor’s in-tray may require renewed focus so what might we expect to see in the coming year?

The lessons to be learnt from 2021

Top of the pile could be the recent tax revenue statistics which unsurprisingly make for slightly uncomfortable reading in Whitehall. According to recent figures from the Office for National Statistics (see bit.ly/3FUQ7wo) total government revenues shrank by 4.3% in 2020/21 a drop...

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