In today’s Autumn Statement, Chancellor Jeremy Hunt warned of a substantial tax increase. Many of the tax increases are hidden in plain sight through freezing across a range of measures. One announcement welcomed by many was that there will be a windfall tax on energy companies from January 2023 to March 2028, at 35%; and that a temporary higher tax of 45% will be placed on electricity generators. The anticipated changes to non-dom tax levels or remittance basis were not made, perhaps unexpectedly, [- -]
Submitted by
Sestini & Co | on Thu, 12/01/2016 - 14:59 | In
Budget,
HMRC,
VAT The 2016 Autumn Statement announced the intent to introduce a new 16.5% rate, 2% higher than the current highest. We look at who it will affect.
