Join us as we pick out the key points for small business owners and landlords from the #SpringStatement2022
Rishi Sunak will cut fuel duty by 5p per litre, biggest cut to fuel duty rates and will be in place until March 2023
VAT on energy saving materials including solar panels and heat pumps will be cut to 0% for next five years. Will not be applied immediately to Northern Ireland.
Chancellor publishing tax plan that aims at cutting taxes
National Insurance threshold to be increased by £3,000 from this July #SpringStatement
R & D tax credits to be reformed – more information provided in the Autumn Budget
Autumn Budget will cut taxes on business investment
Business rates discount will take place in April – 50% discount on business rates bill for leisure and hospitality sectors
New employment allowance from April will increase to £5,000
A new tax cut worth up to £1,000 for half a million small businesses
Basic rate income tax to be cut to 19% from the current 20%
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