UK:
UK Recent Tax And Budget Update 2023
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Main rate of corporation tax, paid by businesses on taxable
profits over £250,000, confirmed to increase from 19% to 25%.
Companies with profits between £50,000 and £250,000 to
pay between 19% and 25%. Corporation tax rate for small profit 19%
(profit up to 50k).
Chancellor announced childcare revolution to expand 30 hours
free childcare for children over the age of nine months, alongside
boosts to subsidised childcare for parents on Universal Credit
including upfront support. This support being phased in until every
single eligible working parent of under 5s gets this support by
September 2025.
Support households with cost-of-living pressures including
keeping the Energy Price Guarantee at £2,500 for the next
three months.
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guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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