|The Chancellor’s next Spring Budget announcement will be on Wednesday 15 March and there’s substantial anticipation about what direction Jeremy Hunt will take as the UK continues to battle against a recession. With inflation also still wreaking havoc for both businesses and individuals, there are persistent calls for the Government to intervene and curtail soaring costs.
At the start of this year, Prime Minister Rishi Sunak announced his five ‘immediate priorities’ and halving inflation was one of these, along with growing the economy and reducing national debt. As the Bank of England forecasts that inflation will fall quickly throughout 2023, it’ll be interesting to see what (if any) announcements the Chancellor will make to further tackle this. Could there be more U turns as the business sentiment is that the proposed increase in corporation tax to 25% is making the UK uncompetitive on the global landscape. This is also a great time to have a careful review of both your personal and business structures. We will be covering a range of topics for business leaders and individuals designed to ensure efficient, effective and strategic tax planning for the year ahead Join our experts as they explore:
- the key Budget announcements after the dust has settled and their possible impact on the UK business community and individuals
- previously announced impending changes – including corporation tax increase from 19% to 25%, effective 30% R&D tax relief decrease and the 130% plant and machinery super deduction ceasing, and ideas that now should be explored
- strategic tax planning tips for the year ahead – all with the aim of reducing or managing any associated liabilities and requirements.
We will also have an extended Q&A session to allow for any specific queries to be answered, so please take the opportunity to submit any questions or areas you would like us to focus on beforehand. It may be that you are concerned about the impact of the scheduled tax rate increases or you are wondering how to maximise the tax reliefs and allowances that are available.registration.No matter your query, we will consider it from the perspective of ensuring tax efficiency and minimising your tax burden. Questions can be submitted upon