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Sunak unveils tax cuts in Spring Statement
NICs thresholds set to increase.Spring Statement: expectations
Chancellor’s speech expected to be “policy-light”.Calls for clear tax registration
Changes could affect small businesses.Income tax freeze set to bring in an additional £13bn
Higher inflation expected to bring more people into tax.Bank of England increases interest rates to 0.75%
Bank rate back to pre-pandemic level.Labour market continues to recover
Employment rate hits 75.6%.House of Commons passes Economic Crime Bill
Beneficial owners of overseas entities have six months to register with Companies House.Outlook for 2022 economy sours
BCC and the Resolution Foundation warn of harsher economic conditions for 2022.Scammers target self-assessment taxpayers, HMRC warns
570,000 reported in the last year.MTD for VAT brings in extra £195m
Scheme cuts costs caused by mistakes, HMRC says.
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