This Finance Act makes major changes to UK taxation, including increasing the oil and gas profits levy, raising R&D tax relief, cutting dividend and capital gains allowances, and removing EV tax breaks from 2025.
A Bill to grant certain duties, to alter other duties, and to amend the law relating to the national debt and the public revenue, and to make further provision in connection with finance.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Jeremy Hunt, Baroness Penn
Introduced: 2022-11-22
Royal Assent: 2023-01-10