In his Statement the Chancellor pushed the difficult decisions about how to boost productivity and capital investment to later in the year, in the summer and autumn. It was also striking how he was silent on the projected rise in the Corporation Tax rate (still scheduled for 1 April 2023). If this still goes ahead, it will blow a hole in any plans to improve UK innovation. Rishi Sunak should have been bold enough to scrap this but unfortunately, it looks like the hike will indeed proceed as planned because the time to announce a change was missed.   

To read the full article on our website, follow the link: https://mha-uk.co.uk/insight/knowledge/spring-statement-2022-chancellor-misses-the-opportunity-with-corporation-tax/?utm_source=newsletter&utm_medium=Article+link&utm_campaign=Me+Expo+22&utm_id=Me+Expo+22