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The Autumn Finance Bill 2022 was published today (22 November 2022), legislating for a key tax changes announced by the Chancellor at last week’s Autumn Statement.
Measures in the Bill will see those with the broadest shoulders carry the heaviest burden as the government drives down inflation and restores economic stability following the impact of the pandemic and Putin’s invasion of Ukraine. Measures include:
The main Spring Finance Bill 2023 will follow the spring Budget in the usual way, for remaining tax measures needed ahead of April 2023.
The Autumn Finance Bill 2022 had its first reading today (Tuesday, 22 November) and will follow the normal legislative path through Parliament.
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