2022 Autumn StatementNov. 18, 2022, 1:42pm
Chancellor Jeremy Hunt delivered the Autumn Statement on 17 November 2022.
Summary of the Chancellor’s 2022 Autumn Statement
On 17 November 2022 Chancellor, Jeremy Hunt, delivered the 2022 Autumn Statement. The Chancellor froze the thresholds to a number of personal taxes and cut the threshold for the additional rate of income tax. The Dividend Allowance was reduced, as was the capital gains tax exemption.
Furthermore, Mr Hunt made changes to the Energy Price Guarantee and extended the windfall tax on the profits of oil and gas companies.
The Chancellor also made significant changes to taxation and public spending. Our summary of the Chancellor’s Autumn Statement is now available – click here to download it.
Within our summary of the Autumn 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 Autumn Statement. We have included our observations on the more significant changes, together with any planning points that may arise.