September.28.2022
On 23 September 2022, the UK Government announced a number of significant tax changes in its Growth Plan (widely referred to in the media as a ‘Mini-Budget’). Here are ten key takeaways, of particular relevance to our practice:
If you have any questions or would like to discuss, please contact Jonathan Rosen.
Update
On 17 October 2022, the UK Government announced the reversal of “almost all the tax measures announced in the growth plan three weeks ago that have not been legislated for in Parliament”.
With reference to the summary above, which outlined certain key announcements as at 23 September 2022 in the context of the Growth Plan / Mini-Budget:
The next scheduled fiscal event was expected to be the “medium-term fiscal plan” on 31 October 2022, but this has subsequently been delayed to 17 November 2022 (Autumn Statement).
If you have any questions or would like to discuss, please contact Jonathan Rosen.