Spring Budget 2023
Where to find our written commentary and recordings of our live events.
Details of our Budget commentary
On 15 March 2023 the Chancellor of the Exchequer, Jeremy Hunt, delivered his Spring Budget. He delivered a Budget with significant fiscal loosening and managed to address many of the concerns circulating in the headlines but there were still some gaps. Most announcements were trailed in advance and the only surprise was the abolishment of, rather than increase in, the pensions lifetime allowance. Overall it reflected a calmer approach following months of political and economic upheaval. In this article we set out how to find recordings of our live events and our initial commentary, including our separate summaries of the implications for businesses, employers and individuals. We also include more detailed commentary of some of the key tax measures in this edition of Tax Matters Digest.
Readers can find all our Spring Budget commentary on our dedicated external webpage. This includes recordings of our two live events:
We also published the following written commentary on 15 March:
- A general overview of the tax measures in the Budget;
- A bullet point listing of the key tax measures ‘On a Page’;
- An overview of the implications for businesses;
- An overview of the implications for employers; and
- An overview of the implications for individuals.
You can find further commentary on some of the key tax measures in the Spring Budget in this edition of Tax Matters Digest as follows:
- Full expensing for plant and machinery;
- Tax incentivised Investment Zones;
- Changes to R&D tax reliefs;
- Reform of creative sector reliefs;
- Changes to tonnage tax;
- Changes to pension savings limits;
- Enterprise Management Incentives easements;
- Restriction of charitable reliefs; and
- Agricultural Properties Relief changes.
You will also find round-up articles in this edition of:
The next step in the tax policy cycle is the publication of the Spring Finance Bill which is expected on 23 March 2023. We will include commentary on the Bill in the next edition of Tax Matters Digest. It has also been confirmed that the Government will make a further set of tax administration and maintenance announcements later in April at a ‘Tax Administration and Maintenance Day’.