The Spring Budget was delivered by the Chancellor Jeremy Hunt on Wednesday 15 March. While the majority of the 2023/24 tax rates were released in the autumn, some changes involved unwinding the announcements of Mr Hunt’s predecessor. The key highlights and our budget analysis can be found below. After presenting a Budget-in-all-but name with the […]
It comes as no surprise that capital gains tax (CGT) was targeted in the government’s Autumn Statement, with the changes forecast to raise some £1.6 billion over the next five years. The annual exempt amount (AEA) will be cut to £6,000 for 2023/24, with a further, permanent, fall to £3,000 from 2024/25. The AEA is […]