16th March 2023
Following the Spring Budget, Katharine Arthur, Partner and Head of Private Client, has had her comments in regards to stealth taxes picked up by Accountancy Age and ePrivateClient.
Whilst the Chancellor has set out the four pillars of his industrial strategy of enterprise, employment, education, and everywhere, Katharine notes that for the most part, the Chancellor is sticking to his Autumn Statement, where threshold freezes of Inheritance Tax (IHT), Capital Gains Tax (CGT) and Income Tax created stealth tax increases.
Katharine comments: “Successive U-turns over the past year alone have caused significant upheaval and added unnecessary complexity to the tax system, so I am glad to see this Budget does not make further tweaks to stealth taxes. Now, the dust should finally be able to settle, and individuals can start to plan their taxes more effectively.”
You can also read our highlights of the Spring Budget here.