IFA Tax Facts 2023: Rates, allowances, reliefs and more

The IFA’s annual guide to the taxes, rates, reliefs, allowances, benefits and more announced in the Spring Budget 2023 is now available.

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.

Source Financial Accountant