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Bloomsbury's Tax Rates and Tables 2022/23: Finance Act Edition

Author: Lucy Webb

Edition: Finance Act 2022/23

Publication Date: May 2022

Publisher: Bloomsbury Professional

Law As Stated At: 23 March 2022

Bloomsbury's Tax Rates and Tables 2022/23: Finance Act Edition

Bloomsbury's Tax Rates and Tables 2022/23: Finance Act Edition

Welcome to Tax Rates and Tables 2022/23 (Finance Act Edition), published by Bloomsbury Professional.

This edition of Tax Rates and Tables 2022/23 has been updated to reflect measures passed in the Finance Act 2022, the provisions in the National Insurance Contributions (Increase of Thresholds) Act 2022 and key measures announced at the Spring Statement on 23 March 2022.

Announced at the Spring Statement, the increases in the primary threshold for Class 1 NIC and lower profits limit for Class 4 NIC, as well as the changes to Class 2 NIC, are discussed in Chapter 14.

The cuts to fuel duty, the first for over a decade, are outlined in Chapter 13.

This edition also introduces a new section in Chapter 13 on the taxation of cryptoassets, in light of the increasing popularity of cryptoassets such as cryptocurrency.

I am very grateful for the help provided by Megan Saksida and Jason Croke with the IHT and VAT chapters respectively of this edition, as well as the assistance provided by the editorial team at Bloomsbury Professional, particularly Jane Bradford for her patience and considerable skill in bringing all the material together.

I hope that you find Tax Rates and Tables 2022/23 (Finance Act Edition) useful and practical.

Lucy Webb ACA CTAlucy@accountingthatcounts.comMay 2022

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