In the first of a series of articles unpicking the consequences of last year’s Autumn Statement, Mark Devlin explores how it will affect SME business owners extracting their profits…
Now that the dust has well and truly settled on the chancellor's Autumn Statement 2022 we can look in detail at what the announced changes mean for SME business owners. In short, it's a mixed bag, which highlights some of the issues associated with having the right strategy for profit extraction. Corporation Tax It's been a bit like the hokey-cokey this one. It's been in, out, but now (after being shook all about) it's back in. According to the figures from when this was first introduced back in the March 2021 Budget, 70% of businesses should be unaffected by these changes. That's beca...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.
