• Budget Properly
• September 25, 2022

Mini Budget 2022: Tax Cuts, NI Reversals, and Business Incentives

Key Individual Tax Changes: Mini Budget 2022 The Mini Budget 2022 introduces significant tax adjustments for individuals. The 1.25% National Insurance rise will be reversed from 6 November 2022. Income tax will see a reduction, with the basic rate cut to 19p from April 2023, and the 45% top rate abolished in favor of a