.png)
.png)
Initial impressions
Key points
- Tonnage tax air passenger duty and alcohol duties will be reformed.
- The 100% annual investment allowance has been extended to March 2023.
- Changes planned for research and development reliefs.
- Impact of the health and social care levy on National Insurance and salary sacrifice.
- No announcements about worker status.
In normal times (remember them?) the introduction of a brand-new tax to fund health and social care would have formed the centrepiece of a Budget statement. But the prime minister pre-empted that – some might say he shot the chancellor’s fox – with the announcement of the new health and social care levy on 7 September.
Then the chancellor came close to shooting his own fox by the extensive briefing of the highlights of the speech for which he was roundly condemned by the speaker and again before the speech itself by the deputy speaker. Being...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
