The United Kingdom (UK) Budget was delivered on 15 March 2023.

The rise in the main rate of UK corporation tax to 25% from 1 April 2023 was confirmed but there also were a number of tax incentives announced to offset the rise for certain targeted companies.

The UK super-deduction is to be replaced by immediate capital expensing for firms investing £1m+ a year on plant and machinery.

Twelve investment…