The Chancellor has announced increased the availability of free childcare from approved providers for all parents in the Spring 2023 Budget. From September 2025, up to 30 free hours will be available for children over nine months and under five.
SME Tax News
The Chancellor announced the following measures on Investment Zones in his Spring 2023 Budget.
The Chancellor, Jeremy Hunt, made his Spring Budget 2023 speech on Wednesday 15 March. Highlights of the speech include a proposal to allow companies to expense Capital Allowances and to abolish the pension Lifetime Allowance. Further key announcements for Small and Medium Sized Entities (SMEs) and their owners are below.
HMRC have launched a new consultation on Extending the Cash basis for Self-Employed taxpayers.
The Chancellor announced the following measures on VAT in his Spring 2023 Budget.
The Chancellor announced the following measure affecting Capital Gains Tax in his Spring 2023 Budget.
The Chancellor announced the following measures on Trusts, Estates and Inheritance Tax (IHT) in his Spring 2023 Budget.
The Chancellor announced measures on Research & Development relief, Seed EIS, and extending Cultural Tax reliefs for Corporation Tax in his Spring 2023 Budget.
As part of the 2023 Spring Budget, the Chancellor has announced that the Energy Price Guarantee will be extended at its current level of £2,500 for another three months until June 2023.
The Chancellor announced the following measures on Capital Allowances in his Spring 2023 Budget.