CTT Accountancy are pleased to present our Summary of the Autumn Statement 2022.

CTT Accountancy are pleased to present our Summary of the Autumn Statement 2022.

We have summarised the important announcements made by the Chancellor in yesterday’s address, which include:

• The dividend allowance being reduced from £2k to £1k in 2023 and to £500 in 2024
• The additional rate threshold falling to £125,140
• The Annual Exempt Amount for Capital Gains Tax being slashed
• R&D deduction rates have been reduced from 130% to 86%, and the credit rate from 14.5% to 10%

Throughout our summary, we have also incorporated informative comments to help you understand the impact that the budget changes could have on you and your business.

Take a look at our Autumn Statement summary here: Autumn Statement Summary 2022

Please do not hesitate to contact us if you have any concerns or want more specific advice; our Accountancy team will be happy to assist you.