The Budget Summary - Spring 2023
- Leanne Gardiner
- Mar 29, 2023
- 1 min read
Business Tax -
Corporation Tax - Increased from 19% to 25% with effect from 1st April 2023. Profits under £50,000 remain at 19% , profits between £50000 and £250,000 will receive a tapered rate
Capital Allowances - Super deduction regime ends 31st March 2023
Personal Tax -
Personal Allowance remains at £12,570
Pension - Maximum pension contribution is £60,000 (raised from £40,000)
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