The UK Government has published its Spring Budget, here are some key points:
- Fuel duty frozen for another 12 months - the 5p cut to fuel duty on petrol and diesel, due to end in April, kept for another year
- National Insurance cut by 2p
- Abolishing the Furnished Holiday Lettings tax regime
- Air passenger duty increased
- VAT registration threshold to increase from £85,000 to £90,000
For further information please select the following links:
- Spring Budget 2024 - GOV.UK (www.gov.uk)
- Chancellor delivers lower taxes, more investment and better public services in ‘Budget for Long Term Growth’ - GOV.UK (www.gov.uk)
- Changes to the High Income Child Benefit Charge - GOV.UK (www.gov.uk)
- Spring Budget 2024: Personal Tax Factsheet - GOV.UK (www.gov.uk)
- Spring Budget 2024: Overview of tax legislation and rates (OOTLAR) - GOV.UK (www.gov.uk)