What to expect in tax in 2023

After a year so turbulent that ‘permacrisis’ was declared the word of the year many will wish the coming one is far quieter. Dealing with the consequences of Russia’s invasion of Ukraine the aftermath of Brexit Covid and the recent political upheaval has only heightened the case for providing greater certainty to businesses and investors.

The last 12 months have been the antithesis of stability with four chancellors three prime ministers two fiscal statements and one (never to be repeated) ‘mini-Budget’. In the chancellor’s 2022 Autumn Statement not only was ‘stability’ mentioned ten times it was officially set as a priority ahead of growth and public services. While there are calls for more stability and certainty every year this year it feels more pertinent than ever.

Keeping up with the boomerang nature of policy making...