The Office for Budget Responsibility (OBR) has to produce an economic and fiscal forecast on at least two occasions on each financial year and the Chancellor has commissioned the next forecast update for Wednesday 23 March 2022.
Although this update is not a Budget, the Chancellor Rishi Sunak may take the opportunity to launch consultations or roadmaps for future tax policymaking. In his recent Mais lecture, Sunak hinted that cutting taxes on business investment, incentivising the right kinds of training, and ensuring that the R&D tax regime properly incentivises higher business investment in R&D are on his agenda.
Whether the statement contains a little detail on tax or whether there’s a lot, join Anita Monteith, Head of Taxation Policy and other members of the Tax Faculty team at 14:00 on Thursday 24 March for our webinar discussion which will break down the announcement. The webinar will be free to ICAEW members and Tax Faculty subscribers. Book here
ICAEW Know-How from the Tax Faculty
This guidance is created by the Tax Faculty, recognised internationally as a leading authority and source of expertise on taxation. The Faculty is the voice of tax for ICAEW, responsible for all submissions to the tax authorities. Join the Faculty for expert guidance and support enabling you to provide the best advice on tax to your clients or business.
More from the Tax Faculty
Stay up to date with the latest developments in tax by signing up to the Tax Faculty's weekly enewsletter
Comprehensive support for Tax practitioners each month from the Tax Faculty and expert contributors.
Expert advice from the Tax Faculty's technical managers on all the developments in tax policy and practice.