Mini Budget 2022

Friday 23 September saw the newly-appointed Chancellor deliver his mid-year budget.  For a “mini” budget there were a number of headline-making announcements which we’ve collated into our Budget Summary.  Please feel free to download a copy of this Summary by clicking the link below.

Budget Summary 2022

The Summary provides an overview of the key announcements arising from the Chancellor’s speech:

• Abolition of the health and social care levy
• Abolition of the 45% income tax rate for those earning more than £150,000 per year
• Adjustments to dividend tax rates
• Cancellation of the proposed rise in corporation tax
• Reversion of IR35 rules to their pre-2017 form
• Increase to the stamp duty threshold for residential properties
• Introduction of Investment Zones
• Energy bills help for businesses

Throughout the Summary you will find informative comments to help you assess the effect that the proposed changes may have on you personally.

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