2023 Spring Budget

2023 Spring Budget

The Chancellor presented his 2023 Spring Budget on Wednesday the 15th of March.

Key measures the Chancellor announced include, but are not limited to:

Corporation Tax

Corporation tax rises to between 19 and 25% dependent on profits. The highest rate of 25% is reserved for businesses generating more than £250,000.

For those with profits under £50k the rate remains at 19%


Pension tax free allowance increased from £40,000 to £60,000 and the lifetime allowance of £1m has been abolished.

The full detail on all the measures, some of which are subject to parliamentary approval, can be found on GOV.UK.

Contact us if you need help with the 2023 Spring Budget or any aspect of your Payroll or Self Assessment Tax.

Help with the 2023 Spring Budget

Contact us now if you need help with this or any other aspect of your Payroll.

Or just email us if you want our:

  • New Business Start-up Checklist, or;
  • Business Plan Template, or;
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    • Software
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    • Taxes

Achieving Success with your business

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We can help you with this and much more

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We can help you with all of your compliance obligations such as:

But also the things you really need to increase the chances of your business being a success

These are the things that add value and the information you need in order to make the correct business decisions

If you’re not confident with any of this or don’t have the time, getting a licensed accountant to do it for you can actually save you money.  It can free up your valuable time which you can use to concentrate on your business.  You can also benefit by knowing it has been done correctly and on time.

Mistakes can be costly.

As can missing deadlines.

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