oecd Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/oecd/ Chartered Accountants & Business Advisors Tue, 06 Dec 2022 09:18:59 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg oecd Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/oecd/ 32 32 December 2022 https://www.wrloaccountants.co.uk/december-2022/ Tue, 06 Dec 2022 09:15:44 +0000 https://www.wrloaccountants.co.uk/?p=3739 In this month’s Enews we consider news from the Autumn Statement, household incomes and business forecasts. We also update you with the latest on auto-enrolment and exports. With information on the Digital Services Tax and advisory fuel rates, there is a lot to update you on. Tax burden rises following Autumn Statement CBI praises Chancellor for ‘delivering stability’ in Autumn Statement IFS warns of fall in household incomes OECD warns UK on course for biggest economic downturn Auto-enrolment has helped workers save £114 billion into pensions UK businesses anticipate growth in exports Digital Services Tax has raised £358 million Advisory fuel rates for company cars Tax burden rises following Autumn Statement The UK’s tax burden will rise after Chancellor Jeremy Hunt reduced the threshold on the top rate of tax and announced freezes on other taxes in the Autumn Statement. The threshold for the top 45% additional rate of income tax was cut to £125,140 from £150,000. The government is also fixing other personal tax thresholds within income tax, NICs and inheritance tax for an additional two years, until April 2028. The Dividend Allowance will be reduced from £2,000 to £1,000 next year and £500 from April 2024. In addition, the capital […]

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