Rachel Reeves is building up to tax increases. Capital Gains Tax (CGT) and higher rate relief on pension contributions are the likely targets. Craig Simpson, Tax Partner at Bates Weston sets the scene for tax increases and the actions to consider.
You can read our full report summarising the Spring Budget 2023 here.
The headlines from the Spring Budget 2023, including the replacement for the super-deduction, pension reforms and childcare reform.
Richard Coombs, Tax Partner at Bates Weston explains the changes to the tapered annual allowance for pensions.