15/3/23 - The Back To Work Budget?
The Chancellor, Jeremy Hunt, delivered what was dubbed as the 'Back to Work Budget' by some in the run up to today's Spring Budget. Whilst announcements were made on free child care, 'skills boot camps' and pension tax, to help fill staff shortages, will it have the desired affect?! Only time will tell.
A possible help for business is the 'Full Expensing of certain capital expenditure such as plant & machinery, and more details can be found here:
Spring Budget 2023 Media Factsheet: Cutting & Simplifying Tax for Businesses to Invest and Grow - GOV.UK (www.gov.uk)
With a number of measures already mentioned in the autumn statement which come into affect next month, a useful tax rates and allowances summary can be found here:
Annex A: rates and allowances - GOV.UK (www.gov.uk)
For those up here in Scotland, please do bear in mind the Scottish Budget from December 2022, details can be found here:
Scottish Budget - gov.scot (www.gov.scot)
Whilst we have no reason to believe the above is not accurate it is for general guidance only. Buick & Co Chartered Tax Advisers and Tax Consultants take no responsibility whatsoever for this blog, its reliability or any actions you take having read it.