Displaying 1-10 of 11 results
Draft legislation published for some Spring Budget 2024 measures
- Article
- 18 Mar 2024
The Spring Finance Bill contains legislation which increases the thresholds for the high income child benefit charge and abolishes multiple dwellings relief for SDLT.
Families should reconsider claiming child benefit from 6 April
- Article
- 19 Mar 2024
Approximately 180,000 families are encouraged to reconsider claiming child benefit in light of changes to the high income child benefit charge, which apply from 6 April 2024.
Spring Budget 2024: the measures you missed
- Article
- 11 Mar 2024
ICAEW’s Tax Faculty scans the Spring Budget documents for other tax-related announcements that didn’t make the headlines.
Government cuts NIC rates again for employees and self-employed at Spring Budget 2024
- Article
- 06 Mar 2024
From 6 April 2024, the headline rate of NIC will fall from 10% to 8% for employees, and from 9% to 6% for the self-employed. The government will also consult on how it will abolish Class 2 NIC.
VAT registration threshold to increase
- Article
- 06 Mar 2024
Among the indirect tax Budget announcements is the increase to the VAT registration threshold from 1 April 2024. A new duty on vaping products will also be introduced as well as changes to airport passenger duty and landfill tax rates.
Non-dom regime replaced by foreign income and gains regime
- Article
- 06 Mar 2024
In the Spring Budget, the Chancellor announced that the current remittance basis of taxation will be abolished for UK resident non-domiciled individuals from 6 April 2025 and replaced by a new four-year foreign income and gains (FIG) regime.
Significant changes to high income child benefit charge
- Article
- 06 Mar 2024
Child benefit will be recovered based on household income, the Chancellor has announced. This will challenge HMRC’s limited resources as it will have to collect additional data and change its systems and processes.
Spring Budget 2024: measures for business
- Article
- 06 Mar 2024
As promised in the Autumn Statement, the Chancellor used the Spring Budget 2024 to announce a suite of tax relief changes to incentivise and support growth in the UK’s creative sector.
Changes to transfer of assets abroad rules
- Article
- 06 Mar 2024
New legislation announced in the Budget will prevent individuals from using a company to bypass the transfer of assets abroad (TOAA) anti-avoidance provisions.
Changes ahead for agricultural property relief
- Article
- 06 Mar 2024
Environmental land management and ecosystem service markets consultation outcome published, with updated legislation for changes to geographical scope of relief.
Displaying 1-10 of 11 results
Webinar: Spring Budget 2024
The Chancellor delivered the Spring Budget on 6 March 2024, accompanied by a forecast from the Office for Budget Responsibility (OBR). Listen to ICAEW's Tax Faculty reflect on the Budget announcements and what they could mean for you and your clients.
