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Year of four chancellors
Key points
- Employment status and the loan charge dominated the year.
- The revised timetable for making tax digital will give everyone time to reappraise the critical building blocks.
- Marking the death of the Queen with a look back at the state of the tax world in 1952.
- Professional and HMRC standards continue to be a source of debate.
Historians talk about the ‘year of the three emperors’; religious commentators talk about the ‘year of the three popes’. We can now go one better and refer to 2022 as the ‘year of the four chancellors’.
The upheaval we have experienced this year is unprecedented. Any semblance of normal routine in the annual fiscal cycle has gone completely out of the window. There have been endless announcements and yet astonishingly of the last five chancellors – Sajid Javid Rishi Sunak Nadhim Zahawi Kwasi Kwarteng Jeremy Hunt...
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