Budget March 2024

Budget March 2024

Budget March 2024

Here is a summary.

National Insurance employee from 10% to 8%

Self employed national insurance class 4 from 8% to 6%

Child benefit threshold raised from £50,000 to £60,000 and limit up to £80,000

Capital gains tax on property cut for higher rate on residential from 28% to 24%

Tax relief for savers in new ‘British Isa’

Fuel duty frozen

Alcohol duty frozen

More ‘expensing’ relief for businesses

Vat threshold increase to £90k only £5k increase after being frozen for the last several years at £85,000

Unfortunately no updates or changes to the following below



Corporation Tax

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