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UK Tax Weekly: Autumn Budget 2024 measures, Corporate Tax Roadmap, HMRC updates, and notable VAT, SDLT, CGT, NICs and litigation developments

Published on: 31 October 2024

Published by a LexisNexis Tax expert
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In this issue

  • Budgets and Finance Bills
  • Business structures
  • VAT
  • Taxes management and litigation
  • Real estate taxes
  • Anti-avoidance
  • Employment
  • Daily and weekly news alerts
  • New and updated content
  • Dates for your diary
  • Trackers
  • Useful information

Autumn Budget 2024

On Wednesday 30 October 2024, Chancellor of the Exchequer Rachel Reeves presented Labour’s first Budget in 14 years, the inaugural Budget delivered by a woman. Headline measures included:

  • Employer National Insurance contributions rising from 13.8% to 15% from 6 April 2025, alongside a cut to the secondary threshold to £5,000 per annum.
  • Capital gains tax on carried interest increasing to 32% from 6 April 2025, with a reworked carried interest regime to be brought within the income tax framework from 6 April 2026.
  • CGT rates for disposals qualifying for business asset disposal relief and investors’ relief moving to 14% for disposals on or after 6 April 2025, and to 18% for disposals on or after 6 April 2026...

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