Autumn Budget 2022: A Round-Up

Nov 18, 2022 | Uncategorized

Each year, we publish our Langdowns DFK report, outlining everything you need to know from the Chancellor’s announcements. This week’s Autumn Budget changes include:

  • Top 45% additional rate of income tax will be paid on earnings over £125,140, instead of £150,000
  • Income tax personal allowance and higher rate thresholds frozen for a further 2 years, until April 2028
  • Tax-free allowances for dividend and capital gains tax due to be cut next year and in 2024
  • Household energy price cap extended for one year beyond April
  • Support worth £13.6bn over next five years to help firms with business rates, including a mixture of freezes and reliefs
  • Electric cars, vans and motorcycles to pay road taxes from April 2025

 

Autumn Budget 2022: A Round-Up

 

If you have any questions, please contact glovell@langdownsdfk.com.

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