Spring Statement 2022

Mar. 24, 2022, 12:54pm

Collage Photo of Parliament

Rishi Sunak presented his Spring Statement to Parliament on 23 March 2022. So what exactly did the Chancellor say and, what did it actually mean?

Summary Statement CoverSummary of the Chancellor’s 2022 Spring Statement

Our summary of the Chancellor’s Spring Statement is now available – click here to download it.

The Chancellor responded to the Office for Budget Responsibility’s economic forecasts, as well as reaffirming the fundamental taxation changes which will affect businesses and individuals in the new tax year. Within our summary of the Spring Statement we  have included informative comments to help you assess the likely effect that the proposed changes may have on you personally and their significance.

In addition, we provide an outline of the main areas of taxation covered in the Spring Statement. We have  included our observations on the more significant changes, together with any planning points that may arise. We have also included a detailed calendar of the most important dates for 2022/23 that will help you with tax planning ahead of time.

If you would like more detailed, one-to-one advice on any of the issues raised in the Chancellor’s Spring Statement speech, or would like advice on the best possible course of action in a particular area, please do not hesitate to contact us.

We Think. You Gain.

The information in this blog is provided ‘AS IS’ with no warranties, and confers no rights.
Yes, we are accountants, but if we are not your accountant this article does not create a client relationship. This blog is technical/ tax information and should not be seen as advice. All circumstances are different – you should consult with an accountant/ tax adviser before you rely on this information.
Feel free to challenge us, disagree with us, or even profess your undying love in the comments section of each blog entry, but we reserve the right to delete any comment for any reason whatsoever (abusive, profane, rude, or anonymous) – so keep it polite, please!

Leave a Reply

Your email address will not be published. Required fields are marked *