Prezwell Accountants and Tax Advisors

30/10/2024

30/10/2024

Following today's UK Autumn Budget, read our briefing for members, covering the key announcements and highlights: https://actuaries.org.uk/news-and-media-releases/news-articles/2024/oct/30-oct-24-ifoa-briefing-autumn-budget-2024/

30/10/2024

UK Budget 2024 highlights: 👇
• National Insurance contributions for employers will rise from 13.8% to 15%.
• Capital gains tax increases to 18% on a lower rate and 24% on a higher rate
• Inheritance tax threshold freeze extended to 2030
• Non-dom tax regime will be abolished from April 2025
• Stamp duty land surcharge for second-homes to rise to 5%in effect from tomorrow
• VAT on private school fees from January 2025
• No extension of the freeze in income tax and National Insurance thresholds