Budget March 2024
Here is a summary.
National Insurance employee from 10% to 8%
Self employed national insurance class 4 from 8% to 6%
Child benefit threshold raised from £50,000 to £60,000 and limit up to £80,000
Capital gains tax on property cut for higher rate on residential from 28% to 24%
Tax relief for savers in new ‘British Isa’
Fuel duty frozen
Alcohol duty frozen
More ‘expensing’ relief for businesses
Vat threshold increase to £90k only £5k increase after being frozen for the last several years at £85,000
Unfortunately no updates or changes to the following below
IHT
SDLT
Corporation Tax
#accountants #taxes #bookkeeping #vat #paye #selfassessment #corporationtax #accounts #companies #pension #investments
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