Executive summary
In delivering the second United Kingdom (UK) Budget of this year, the UK Chancellor’s tax announcements on 27 October 2021 had a distinctly low-key feel, at least from a tax policy perspective. The biggest tax change in the UK Budget scorecard was the Health and Social Care Levy, something already enacted, and it is the changes announced in the Spring Budget (particularly the six percentage point rise in corporation tax and the freezing of income tax thresholds) that will have t…