Budget news
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Autumn Budget 2024
In the first Labour Budget for 14 years, Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.
Read our ‘Budget Briefing’ for our key take aways.
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Budget updates here
Here you will find blog posts relating to the Spring Budget 2024 as soon as they become available.
Whitley Stimpson unpacks payroll shifts following the budget
Payroll expert at accountants and business advisers Whitley Stimpson provides an update following...
Autumn Budget 2024 – Business Changes
Learn about the key business changes from the Autumn Budget 2024, including tax reforms, support for small businesses, and new initiatives aimed at driving growth and investment.
Autumn Budget 2024 – Employment Changes
Explore the key employment changes from the Autumn Budget 2024, including workforce development initiatives and adjustments to NICs.
Autumn Budget 2024 – Personal Tax Changes
Explore the key personal tax changes from the Autumn Budget 2024, delivered by Chancellor Rachel Reeves. Read here.
Autumn Budget 2024 – Full Summary
Chancellor Rachel Reeves delivered her Budget on 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.Â
Election results: what’s next?
Labour won a landslide victory in the general election on 4 July 2024 and Rachel Reeves made her...
Spring Budget – Did Jeremy Hunt do enough to reassure farmers? Â
With an election looming and a change of government looking likely later this year, Jeremy Hunt took to the dispatch box in March to deliver his Spring Budget in a last-ditch attempt to change the Tories’ fortunes. Â
CGT higher rate on dwellings reduced
The higher rate of capital gains tax (CGT) for residential property disposals will be cut from 28% to 24% from 6 April 2024.
Multiple dwellings relief for SDLT scrapped
The Chancellor announced in the Budget that Multiple dwellings relief (MDR) will be abolished for transactions which complete, or which substantially perform, on or after 1 June 2024.
High income child benefit charge threshold increased
The threshold for earnings above which you have to pay back some or all of your child benefit will be increased from 6 April 2024.
Two new products for UK savers
Two new savings products have been announced, aimed at supporting growth of UK companies and encouraging a culture of saving.
Non-dom reforms
The remittance basis tax relief offered to non-UK domiciled individuals (non-doms) will be removed and replaced with a simpler residence-based regime from 6 April 2025.
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