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Spring Budget

A concise summary of the tax and non-tax measures announced in the Spring Budget.

  1. News

Introduction

Chancellor Jeremy Hunt delivered his 'Budget for Long Term Growth' on Wednesday 6 March 2024.

Personal tax

Highlighting income tax, savings, pensions and non-UK domiciled individuals.

Employment

Highlighting National Insurance, company cars and National Living Wage.

Business

Highlighting Corporation Tax, Furnished Holiday Lettings and R & D.

Capital taxes

Highlighting Capital Gains Tax and Inheritance Tax.

Other matters

Highlighting VAT, Stamp Duty Land Tax and simplification measures.

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Latest News

HMRC failing on responsiveness, says Charter report

10 Sep 2024

HMRC is failing on the key metrics of responsiveness, ease and accuracy, according to the annual HMRC Charter report.

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HMRC sends 'nudge letters' to crypto investors

10 Sep 2024

HMRC has 'sent nudge' letters to crypto investors who it suspects have failed to pay the correct tax on their gains, according to the Chartered Institute of Taxation (CIOT).

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HMRC late payment interest cut

10 Sep 2024

HMRC has reduced late payment and repayment interest rates following the cut to the base rate.

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