Blog: What is in store in the next Budget?
PKF Littlejohn’s, Chris Riley, runs the numbers ahead of the Autumn Budget.
With the announcement last month of the temporary increase to National Insurance of 1.25% from April 2022 (‘temporary’ only in that it will be replaced with the Health and Social Care levy, at the same rate, from April 2023) and corresponding increases in the dividend tax rates for individuals, the implied suggestion in some government messaging was that no further tax rises were going to be needed for the foreseeable future.
However, many are not so sure - and even if the Chancellor does not
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