Commentary and analysis of the Chancellor’s Spring Budget Statement
Spring Budget 2024
Private individuals
John Bull and Neil Lancaster look at how the Chancellor’s budget will impact private individuals.
Was it a Budget for Business?
Head of Corporate Tax Genevieve Morris and Audit Partner Mahmood Ramji look at the impact of the Budget on businesses.
Property and construction
Head of Property and Partner, Heather Powell looks at the impact of the budget on the property and construction sector.
High Income Child Benefit Charge (HIBC) and National Insurance
Director Robert Salter shares his views on the Child Benefit claw-back and National Insurance Contribution changes announced by the Chancellor.
The British ISA
Partner Simon Rothenberg looks at the new British ISA: what it is and how it will work.
The Tax Factor – Episode 31
This week Rob Goodley and Rehanna Earle look at the fallout from the Spring Budget and wonder if the Government really wants to make the non-dom changes or just leave a bit of a mess for a new Government to fix.
HMRC have launched a consultation to attempt to clamp down on rogue tax advisors, whilst it’s been announced that the Government Gateway website is being replaced (but it’s going to be three years until we see it).
Finally, they look at the HMRC consultation on global transparency rules, meaning crypto platforms will have to share client data directly with HMRC, making it much harder to avoid Capital Gains Tax.
The Tax Factor – Episode 30
Spring Budget Special
There’s only one topic of conversation in this week’s Tax Factor: The Budget.
Nimesh and Heather discuss all things property, Non-Doms and Child benefit. Is all the evidence pointing to an Autumn election?
TaxFax 2024/25 – Updated March 2024
Our TaxFax guide, which outlines key tax information, has been updated to include the latest changes from the Spring Budget.
Latest Budget Insights
March 11, 2024
Non-dom reform is a missed opportunity for UK investment
The politics at play in non-dom reform has resulted in a significant missed opportunity.
March 8, 2024
Spring Budget 2024: Technology
Could you please shout more loudly about Artificial Intelligence, drones, and automation!
March 7, 2024
Impact of the abolition of the non-dom regime
The big news from Jeremy Hunt’s Spring Budget 2024 was the abolition of the non-dom tax regime.
March 6, 2024
Spring Budget 2024: Analysis
Some of the announcements by the Chancellor were a surprise, and a politically motivated tactic to outmanoeuvre Labour.
March 6, 2024
Spring Budget 2024: Winners and Losers
Tom Goddard reveals who the winners and losers are from the Chancellor’s Spring Budget announcement.
March 6, 2024
Spring Budget 2024: Changes to unfair HICBC policy will be welcomed by parents
The proposed changes to the HICBC (High Income Child Benefit Charge) by the Chancellor in his Budget will correct the child benefit unfairness.
Tax Calculator – Check the impact of the Spring Statement on your finances
Pre-Budget
The Tax Factor – Episode 29
There’s a Budget on the way!
This week Heather Self, Melissa Thomas and Nimesh Shah look ahead to the Budget, discussing electric cars, fuel duty and proposals to remove VAT on loo roll.
Heather also has a grumble about the High-Income Child Benefit charge and trying to guess when Rishi Sunak might call an election (and whether he’ll go off to California afterwards).
February 23, 2024
Will there be fireworks or rabbits on Spring Budget Day?
So far under Sunak's short tenure, they have ultimately played it safe, still healing from the scars of Liz Truss’ ill-fated Mini-Budget in 2022.
February 22, 2024
The Government should announce an increase in the interest limit for Corporate Interest Restriction tax rules
With the Bank of England base rate now having risen to 5.25%, UK corporate borrowers will be feeling the pain of significantly higher finance costs.
February 1, 2024
The Government should announce the relaxing of VAT rules on energy saving materials in the Budget
If the Government were serious about supporting the construction industry energy saving material should be provided at the zero rate of VAT.