A ‘Budget for Long Term Growth’

in Budget, News, Tax

In Chancellor Jeremy Hunt’s words, yesterday’s Spring budget was one for long term growth. His speech promised ‘more investment, more jobs, better public services and lower taxes’.

For a comprehensive summary of all the detail and how it could affect you, your staff and your business click here.

Some of the keys announcements from the budget included a further cut to employee’s NI, an increase to the VAT registration thresholds, and a cut to the top rate of Capital Gains Tax. There were also changes announced to furnished holiday lets, R&D and the High Income Child Benefit Charge (HICBC)

You can also view the full detail from HMRC here: HC 560 – Spring Budget 2024 (publishing.service.gov.uk)

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