After months of speculation the Chancellor has now made her budget announcement. We have a handy PDF to help with guidance.

A summary of the key measures announced in the Spring Budget on 6th March 2024 by The Chancellor of the Exchequer, Jeremy Hunt, including the abolition of furnished holiday lettings relief and the non-dom tax status, allowing him to fund another 2% cut in National Insurance and increase the VAT threshold. He also announced plans to reform the High Income Child Benefit Charge.

A summary of the key measures announced in the Spring Budget on 15th March 2023 by The Chancellor of the Exchequer, Jeremy Hunt, including changes to corporation tax and pension contribution thresholds, ‘full expensing’ deductions, and new childcare provisions.

Last week we had the government’s third fiscal statement in three months. It was released at a time of rising inflation and economic recession. Jeremy Hunt laid out three main priorities: stability, growth and public services. After the recent turmoil, the government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises. Below is a summary of the main points.

I wrote a few weeks’ ago to summarise the announcements made by the Chancellor following his Mini Budget. Incredibly, in a short space of time, a significant amount of what was announced has since been changed/reversed. There is now a “Medium-Term Fiscal Plan” where the new Chancellor will publish the government’s fiscal rules alongside an Office for Budget Responsibility forecast, together with what are described as “further measures”.

The changes outlined on 17 October are designed to ensure the UK’s economic stability and provide confidence in the government’s commitment to fiscal discipline.

The Chancellor of the Exchequer delivered a fiscal statement to the House of Commons, outlining cuts to Income Tax, reversal of the NIC increases, scrapping of the planned increase in Corporation Tax, permanent £1m annual investment allowance, unwinding of the 2017 and 2021 off-payroll working rules changes, and cuts to SDLT.