Photo by Aakash Dhage on Unsplash
Welcome to 2023 which promises to be another interesting year for taxes and fiscal policy in general. The economy is probably in recession, albeit a mild one, and the government is taking measures to close the hole in the public finances.
The first Budget of 2023 is due on the 15th of March and the second one is probably due in the Autumn. If the government succeeds in stabilising public finances we may see a number of tax changes, which are positive rather than negative. In the meantime, HMRC is redoubling its efforts to assess and collect more taxes. This has resulted in a substantial increase in investigations across all areas.
For example, the amount raised in inheritance tax investigations went up 28% last year.
Investigation work is going to be key and more than ever advisors need to think about how to deal with HMRC across a range of taxes. Primondell offers a number of courses on tax investigations and dealing with HMRC.
The substantial rise in corporation tax pencilled in for the 1st of April 2023 leaves only a small amount of time for any tax planning. Primondell runs courses on dealing with tax changes. In a year of changing tax policies, it is essential to keep you and your staff appraised of the latest developments. The website www.primondell.co.uk gives a list of the courses that we run.
