General Knowledge Base
March 2022
Cutting fuel duty on petrol and diesel by 5p per litre
April 2022
Cutting taxes on small businesses by up to £1,000 – by raising the Employment Allowance to £5,000
July 2022
Aligning the annual National Insurance Primary Threshold and Lower Profits Limit with the income tax personal allowance, making the first £12,570 of earnings tax free
April 2023
Cutting taxes on business investment – by reforming Capital Allowances and R&D tax reliefs
April 2024
Cutting the basic rate of income tax from 20% to 19%
Other Knowledge Base Topics
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