Vote-winning announcements are always expected from a Chancellor’s Budget in an election year. Despite the stagnant economy and limited fiscal headroom, Jeremy Hunt still announced a few tax cuts and other surprises.
Spring Budget 2024
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Employment
Autumn Statement 2022 – Employment Allowance
The employment allowance will remain at its current level of £5,000, having increased to that amount in April 2022.
Autumn Statement 2022 – National living wage increase
From 1 April 2023, the national living wage will increase by 9.7%, to £10.42 an hour.
Employment taxes: Spring 2022
The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are normally announced well in advance.
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