The election results are in and the Labour party won the country’s mandate to form a new parliament. A recurring topic of discussion and disagreement in the run up to the election was that of tax,
Our Tax Director, Mary Tierney updates on how changes announced in the Autumn and confirmed in the Spring Budget could affect SEIS investors.
Incentivising investment and postponing retirement
The main focus of the Chancellor’s announcements at the Budget 2023 were s always going to be about growth, but given the turbulence from the fiscal events of last year, there wasn’t going to be much on the agenda for tax – the only significant tax announcements were to incentivise businesses to invest and to retain (or regain) the over 50’s within the workplace.