UK Growth Plan 2022 Delivered Including Several Tax Measures

The UK's new Chancellor of the Exchequer, Kwasi Kwarteng, delivered his Growth Plan 2022 in a speech to Parliament on 23 September 2022. Some of the main policy decisions are summarized in the plan as follows:

Seed Enterprise Investment Scheme (SEIS) – From April 2023, companies will be able to raise up to GBP 250,000 of SEIS investment, a two-thirds increase. To enable more companies to use SEIS, the gross asset limit will be increased to GBP 350,000 and the age limit from 2 to 3 years. …