Autumn Budget 2024: summary of key tax announcements

Published on: 30 October 2024

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Specialist Tax Regulatory Materials

Article summary

The Chancellor’s Budget on 30 October 2024 will increase employer NICs, raise the main rates of CGT, initiate reform of the tax treatment of carried interest, and confirmed the replacement of the remittance basis regime and removal of the VAT exemption for private school fees. Some of the smaller announcements were of equal interest, including extending mandation of Making Tax Digital for Income Tax and increasing the HMRC late-payment interest rate.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

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