The 0.5% increase will come into effect on 6 January.

The 2023 annual return has been updated in response to sector feedback.

The budget will be accompanied by a forecast from the OBR.

The delay will give businesses more time to adapt.

Businesses have less than two months to apply for the programme.

Submitting self-assessments early will avoid late penalties.

The package of over 30 reforms will “cut red tape” and “turbocharge growth”.