Finance Act 2022 was signed into law on 15 December 2022 and provides the legislative basis for many of the tax measures announced as part of Budget 2023 and includes tax provisions introduced during the legislative process. Budget 2023 was labelled ‘A Cost of Living Budget’ and included targeted measures to tackle inflation and the increasing cost of living.

Finance Act 2022 largely provides tax reliefs and supports for individuals, businesses and families and includes measures focusing on the housing crisis, climate change and sustainability.