Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public […]
Personal taxes
Tax bands and rates The basic rate of tax is 20%. For 2024/25 the band of income taxable at this rate is £37,700 so […]
Employment taxes
National Insurance contributions The Chancellor has previously announced major changes to the National Insurance contributions (NICs) system. Employees and NICs Following the Autumn Statement […]
Business tax
Corporation Tax rates The government has confirmed that the rates of Corporation Tax will remain unchanged, which means that, from April 2024, the rate […]
Capital taxes
Capital Gains Tax rates The Capital Gains Tax (CGT) rate remains at 10%, to the extent that any income tax basic rate band is […]
Other matters from Budget 2024
The VAT registration threshold After many years of having been frozen, the government will increase the VAT registration threshold from £85,000 to £90,000 and […]
