How will the tax measures announced in this week’s Autumn Statement affect people and businesses?
Chris Smith, our Director of Personal Tax, sat down with Anthony Newgrosh, our Head of Business Tax, to explore the Autumn Statement and its implications including:
- Income tax additional rate threshold and your options: salary sacrifice, pension contributions
- Fiscal drag: personal tax thresholds
- Capital gains tax: annual exemption
- R&D tax credits
- Stamp duty land tax
- Vehicle Excise Duty for electric vehicles: benefits in kind for employees
There’s also a reminder that Making Tax Digital will mean changes for landlords in 2024. We have more information here.
To discuss how the Autumn Statement could affect you, your employees or your business, please get in touch with your usual BKL contact or use our enquiry form.
Our Autumn Statement 2022 coverage also includes: