{"id":4510,"date":"2022-03-24T09:51:14","date_gmt":"2022-03-24T09:51:14","guid":{"rendered":"https:\/\/www.goodmanjones.com\/blog\/?p=4510"},"modified":"2022-03-24T10:33:42","modified_gmt":"2022-03-24T10:33:42","slug":"spring-statement-2022","status":"publish","type":"post","link":"https:\/\/www.goodmanjones.com\/blog\/spring-statement-2022\/","title":{"rendered":"Spring Statement 2022"},"content":{"rendered":"<p>Against a backdrop of rising costs and inflation Rishi Sunak\u2019s Spring Statement focused on easing the burden for families and businesses.<\/p>\n<p>The previously announced rises in National Insurance contributions remain but are sweetened a little by an increase in the starting thresholds for employees and the self-employed. There is no such sweetener for employers as employers&#8217; National Insurance thresholds are not affected, but those eligible for the Employment Allowance will get an extra \u00a31,000 as this is to increase from \u00a34,000 to \u00a35,000 for 2022\/23.<\/p>\n<p>Other measures announced include:<\/p>\n<ul>\n<li>A temporary 12 month decrease in fuel duty. This will benefit individuals and businesses alike and go some way to helping with the spiralling costs of fuel.<\/li>\n<li>A review of the capital allowances system in advance of the Autumn budget.<\/li>\n<li>Confirmation that the government is considering improving the effectiveness of the <a href=\"https:\/\/www.goodmanjones.com\/services\/business-tax\/tax-reliefs\/randd-tax-credits\">R&amp;D tax<\/a> regime.<\/li>\n<li>And finally, we were promised a 1% drop in the basic rate of income tax, but not until 2024.<\/li>\n<\/ul>\n<p><a class=\"fbp-embed\" style=\"max-width: 100%;\" href=\"https:\/\/budget.taxbriefs.co.uk\/GoodmanJonesSprStmt22\/\" data-fbp-lightbox=\"yes\" data-fbp-width=\"700px\" data-fbp-height=\"480px\" data-fbp-method=\"site\" data-fbp-version=\"2022.1.0\">Goodman Jones Spring Statement 2022<\/a><script async defer src=\"https:\/\/budget.taxbriefs.co.uk\/GoodmanJonesBS2020\/files\/html\/static\/embed.js?uni=a4ff64ba60c467ae01ae5342b32eeb2b\"><\/script><\/p>\n<p><a href=\"https:\/\/www.goodmanjones.com\/blog\/wp-content\/uploads\/2022\/03\/Goodman-Jones.pdf\">Download the above as a PDF document.<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Against a backdrop of rising costs and inflation Rishi Sunak\u2019s Spring Statement focused on easing the burden for families and businesses. The previously announced rises in National Insurance contributions remain but are sweetened a little by an increase in the starting thresholds for employees and the self-employed. There is no such sweetener for employers as[&#8230;] <\/p>\n<div class=\"brown_button\"><a class=\"more-link\" href=\"https:\/\/www.goodmanjones.com\/blog\/spring-statement-2022\/\">Read More<\/a><\/div>\n","protected":false},"author":16,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[884,468,885,16,11],"tags":[283,534],"class_list":["post-4510","post","type-post","status-publish","format-standard","hentry","category-business-tax","category-news","category-personal-tax","category-tax","category-uk-business-entrepreneurs","tag-budget","tag-rd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spring Statement 2022<\/title>\n<meta name=\"description\" content=\"Against a backdrop of rising costs and inflation Rishi Sunak\u2019s Spring Statement focused on easing the burden for the less well off\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.goodmanjones.com\/blog\/spring-statement-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spring Statement 2022\" \/>\n<meta property=\"og:description\" content=\"Against a backdrop of rising costs and inflation Rishi Sunak\u2019s Spring Statement focused on easing the burden for the less well off\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.goodmanjones.com\/blog\/spring-statement-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"London Chartered Accountants Blog | Goodman Jones London Accountants\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-24T09:51:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-24T10:33:42+00:00\" \/>\n<meta name=\"author\" content=\"Richard Verge - Tax Director\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GoodmanJones\" \/>\n<meta name=\"twitter:site\" content=\"@GoodmanJones\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Richard Verge - Tax Director\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/spring-statement-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/spring-statement-2022\\\/\"},\"author\":{\"name\":\"Richard Verge - Tax Director\",\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/#\\\/schema\\\/person\\\/756ca81453fcf2e0f99d557d5d540927\"},\"headline\":\"Spring Statement 2022\",\"datePublished\":\"2022-03-24T09:51:14+00:00\",\"dateModified\":\"2022-03-24T10:33:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/spring-statement-2022\\\/\"},\"wordCount\":172,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.goodmanjones.com\\\/blog\\\/#organization\"},\"keywords\":[\"budget\",\"R&amp;D\"],\"articleSection\":[\"Business Tax\",\"News\",\"Personal Tax\",\"Tax\",\"UK Business &amp; 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