Tax Update 2022 (PDF)

A PDF Report about...

In a nutshell

This Special Report covers all the major changes to UK tax law up to May 2022 including the Finance Act 2022. Over the course of  the last year the government has announced changes to the tax and NI regimes to raise revenue to help cover the cost of the pandemic. More recently it has had to back pedal on these to help taxpayers under pressure from ballooning inflation. This, added to the changes to the taxation of the self-employed and the continuing move to Making Tax Digital has made the tax landscape more difficult than usual to navigate. Fortunately, this Special Report explains the most important changes in plain English with examples to help you apply them in practice.

In detail

Our Special Report looks at all the key aspects of the latest changes including the:

• End of the extension period for trading losses relief
• 1.25% rise in NI and some tax rates increase for 2022/23
• Abolition of basis periods for calculating taxable profits for the self-employed
• In-year increase in NI thresholds
• Making Tax Digital requirements for VAT returns
• End of the temporary uplift of the annual investment allowance
• Tax and NI incentives for freeports
• Creation of the VAT import one stop shop and other post-Brexit measures

With this Special Report, you'll quickly understand the dos and don'ts and the consequences of the the 2022 tax regime for you and your business. It's all you need to play it safe and prepare for additional changes to the tax rules that are already in the pipeline.

We've created this PDF Report especially for... 

Company owners and directors, in-house accountants and individuals that want to:

• Get a clear view of the new tax and NI rules and mitigate their effects
• Keep their business and/or personal tax bill down

Tax advisors and accountants that want to:

• Get to grips with the new tax/NI rules
• Help their clients save tax

In this PDF Report you'll read about...

You can choose from the following options...

Digital

• The PDF-version
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