While the Spring Budget didn’t hold great surprises, there are changes to be aware of. These include the corporation tax rate increase from a flat 19% to three tiers between 19% and 26.5%, CGT exemptions reductions for individuals and trusts, R&D tax credit changes, and more.
We’ve compiled the proposals announced by the Chancellor of the Exchequer in his Spring Budget on 15 March 2023 into a handy factsheet.
Download IFA Tax Facts 2023
