UK Autumn Budget 2024 Summary
Analysis and commentary from AAB’s team of tax experts, identifying the key changes and outlining the practical implications of the Autumn Budget 2024 for you and your business are available in the attached guide.
Some of the Main Changes:
Increase in Capital Gains Tax rates from 30 October 2024.
Personal tax rates and allowances on income continue to be frozen at current levels with no increases until 2028/29.
Substantial increases in Employers’ National Insurance Contributions from 6 April 2025.
Stamp Duty Land Tax surcharge for buying additional dwellings increased from 31 October 2024.
Confirmation that VAT will apply to private school fees from January 2025.
IHT agricultural and business property reliefs restricted from April 2026.
In their Autumn Budget Guide, they explore the impact of these changes on you and your business. Navigating these changes can be challenging and professional advice should be sought prior to making any decisions based on the changes announced.
Download A Copy Of The Guide Here:
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