March 7, 2024
Ram Shah, FCCA
Latest Insights
Key Announcements
The Chancellor has delivered his Spring Budget, outlining the government's tax and spending plans. Here are the headlines for business owners.
National Insurance Cuts
The main rate of Class 1 National Insurance for employees has been cut further, putting more money back into workers' pockets.
VAT Threshold Increase
The VAT registration threshold has been increased from £85,000 to £90,000, the first increase in seven years.
Full Expensing Made Permanent
Full expensing for capital allowances has been confirmed as permanent, allowing businesses to deduct investment costs from their tax bills immediately.