Chancellor Rishi Sunak defended his Spring Statement yesterday calling his measures ‘progressive’ and that his income tax cut announcement was to ‘give a sense of direction’
The tax burden is the highest since the 1950s with the rise in the national insurance threshold from July only providing a slim benefit for taxpayers, despite announcements at the Spring Statement
To combat the UK's ‘fraud epidemic’ the Spring Statement announced that the government will create a new public body called the Public Sector Fraud Authority
Addressing the energy crisis, the Chancellor set out plans to remove VAT from investment in solar panels and heat pumps, but stopped short of offering grants
In a move to give taxpayers some respite from the cost of living crisis, Chancellor Rishi Sunak announced plans to raise the national insurance threshold by £2,690
The Scottish government plans to increase the thresholds for starter and basic rate taxpayers from April, as set out by finance secretary Kate Forbes at the Scottish Budget
The government has announced that there will be a tax administration and maintenance day (TAMD) on 30 November to streamline the release of information and improve stakeholder engagement
The Chancellor acknowledged that hitting his new Budget targets would be a challenge but told MPs on the Treasury Committee that taxes will reduce before the next election