Budget
Stay informed and in control
After every budget update, there is seemingly an endless list of things you have to remember. We’ve created one easy place to get all your relevant updates without trawling the web to find them yourself.
Autumn Statement 2022 – Vehicle excise duty
Electric vehicles will no longer be exempt from vehicle excise duty from April 2025.
Autumn Statement 2022 – Stamp Duty
Stamp duty cuts remain
Autumn Statement 2022 – Business Changes
Corporation tax rises to 25% from 1 April 2023 and other business changes in the Autumn Statement.
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 – Business rates
Business rates – The Chancellor confirmed that a business rates revaluation will still take place in April 2023
Autumn Statement – Annual investment allowance
The annual investment allowance will be permanently set at £1m for businesses.
Autumn Statement 2022 – R&D
Changes to the rates of the two research & development (R&D) relief schemes were announced.
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.
Autumn Statement 2022 – online sales tax
Following consultation, the Government has decided not to introduce a proposed online sales tax.