UK Autumn Budget and Spending Review 2021 Delivered

The UK Autumn Budget and Spending Review 2021 was delivered by Chancellor of the Exchequer Rishi Sunak on 27 October 2021, including several tax-related measures. Some key points include:

• The Universal Credit (UC) taper for individuals will be reduced from 63% to 55%, and the work allowances in UC will be increased by GBP 500 a year;
• The rates of income tax applicable to dividend income will be increased by 1.25% for individuals as announced earlier, including a dividend upper rate of 33.75…