A round up of the major announcements we expect to hear in the Autumn Budget 2024 and what we know already.
What are we expecting in the Autumn Budget 2024?
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Government Announcements
Government Announcements
Pre Autumn Budget Action
Craig Simpson, Tax Partner at Bates Weston considers the Chancellor’s likely plans at the Budget and what pre Budget action taxpayers may be able to take.
Bates Weston Autumn 2024 Newsletter
In our Autumn 2024 newsletter we look at potential changes to Inheritance Tax, Capital Gains Tax and pensions tax ahead of the Budget, alongside our regular round up of topical news.
Budget date 30 October 2024
Rachel Reeves is building up to tax increases. Capital Gains Tax (CGT) and higher rate relief on pension contributions are the likely targets. Craig Simpson, Tax Partner at Bates Weston sets the scene for tax increases and the actions to consider.
Labour’s tax plans
What do we know about the Government’s tax plans to date and what can we expect in the near future?
Planning System Reform
The Chancellor, Rachel Reeves, sets out her plans for planning system reform in her first major speech today. You can see her 7 point plan here.
Fiscal drag and the NI reduction
Craig Simpson explains the concept of fiscal drag and its impact on the apparent tax reduction caused by the changes in National Insurance announced at the Autumn Statement 2023
Corporation Tax – reducing business taxation in the Autumn Statement?
Will the Chancellor use Corporation Tax measures in reducing business taxation in the Autumn Statement? He could reduce the rate of Corporation Tax, extend the Corporation Tax Bands and/or extend full expensing? Craig Simpson, Tax Partner at Bates Weston gives his views.
Spring Budget 2023 Summary Report
You can read our full report summarising the Spring Budget 2023 here.
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