We know small business.
March 7th 2024

Spring Budget 2024

“Welcome changes in some areas – reasons to be concerned in others. It’s going to be an interesting year for business taxes and finances.”

That’s how Scholes CA Director, Ivan Houston, described the recent Spring Budget announcement made by the Chancellor this week.

We’ve written up our analysis, and genuinely believe it can help you react to the upcoming changes.

The UK Government announced they were making changes to:

  • National Insurance Contributions
  • The VAT threshold for businesses
  • The Furnished Holiday Let Regime
  • Capital Gains Tax on properties
  • The High Income Child Benefit charge

All of these could have a serious impact on your personal finances or your business.

Please, if you have questions, get in touch. Our team of expert tax advisers, accountants and payroll specialists can help you react to the upcoming changes.


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