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.