Spring Budget 2023

Corporation tax rates The expected increase in the rate of corporation tax for many companies from April 2023 to 25%

Capital gains tax (CGT) rates No changes to the current rates of CGT have been announced. This means that the

National Insurance Contributions (NICs) A similar principle to that outlined above for income tax thresholds will be followed in respect

Back to work Major themes in the Budget were getting people to enter work, increase their working hours and extend

The UK personal allowance, tax rates and bands for 2019/20 were announced by the Chancellor in the Autumn budget in

The personal allowance The income tax personal allowance was already fixed at the current level until April 2026 and will

Driving business investment The Chancellor announced a £27 billion transformation of capital allowances from April this year, which will include