Budget 2024: In-depth Analysis

7 March 2024

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On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to attempt to restore confidence and win over voters. But on the heels of Britain entering a recession and downgraded Office for Budget Responsibility (OBR) forecasts, the Chancellor had his work cut out. In any event, it was one of the most interesting fiscal announcements of recent times.

In our PDF summary (here), we talk more about the Spring Budget headlines and other measures announced.

Our summary will cover the following areas:

  • Reduction in NI contributions
  • Corporate Tax
  • Residential Property Capital Gains Tax
  • Non-Dom Tax Status
  • VAT thresholds
  • Furnished Holiday Lettings

If you have any questions on the Budget, or would like to know how we can help then please contact us.

Disclaimer – for information: This PDF guide is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this newsletter can be accepted by the authors or the firm.