The Spring Statement was intended to be an economic update with major policy announcements typically taking place in the Autumn. However the cost-of-living crisis, exacerbated by the terrible events in Ukraine, has meant the Chancellor has had to act now.  

Overall he has sought to address some of the immediate concerns for individuals and families but, for many businesses, they will have to wait until the Autumn Statement to find out about changes to the R&D and capital allowances regimes.  

The KPMG tax team has produced insights into the day’s announcements on:

  • Tax Incentives for Business
  • Indirect Taxes
  • Personal Taxation

Get in touch

If you have any queries on the Spring Statement and its impacts for your business, please contact Johnny Hanna, Partner in Charge, KPMG Belfast. We'd be delighted to hear from you.

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