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Autumn Budget 2024: summary of key tax-related announcements

31/10/2024

In the lead up the Autumn Budget 2024, the first Labour budget since 2010 and the first ever delivered by a female Chancellor, speculation had been rife about the changes expected.

Some of these changes were ‘on the nose’, while others didn’t feature at all.

Read our Autumn Budget 2024 summary , which highlights some of the key tax changes as we see them, including: 

  • Inheritance Tax
  • Capital Gains Tax
  • Enterprise reliefs
  • Stamp Duty Land Tax
  • State pension
  • Late payments to HMRC
  • Corporation Tax
  • Company cars
  • Income tax and national insurance contributions
  • Minimum wage increase
  • VAT on private school fees
  • Non-domiciled tax status
  • Employee Ownership Trusts (EOTs)

If you would like to discuss any of today’s announcements in more detail, please do not hesitate to contact us .

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Read our Autumn Budget 2024 Report

Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to 'invest, invest, invest' to drive growth and 'restore economic stability'.

Download our Budget Report

 

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