Finance Act 2023

1. Introductory Text

2. Energy (oil and gas) profits levy

   1. 1. Increase in rate of tax

   2. 2. Reducing the amount of additional investment expenditure

   3. 3. Extending the period for which tax has effect

3. Corporation tax

   1. 4. Amount of relief for expenditure on research and development

4. Income tax

   1. 5. Basic rate limit and personal allowance for tax years 2026-27 and 2027-28

   2. 6. Threshold at which additional rate is charged

   3. 7. Dividend nil rate

5. Capital gains tax

   1. 8. Annual exempt amount

6. Inheritance tax

   1. 9. Rate bands etc for tax years 2026-27 and 2027-28

7. Taxation of vehicles

   1. 10. Removal of VED exemption for electrically propelled vehicles etc

   2. 11. Taxable benefits: appropriate percentage for cars with a CO₂ emissions figure

8. Final

   1. 12. Short title