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Good news from the Budget 2024

04/11/20241 min read
Good news from the Budget 2024

Last Updated on 04/11/2024 by Adrian Lamb

Good news from the Budget 2024

  • National insurance cut by another 2% from April 2024
  • Child Benefit Higher Income Charge (CBHIC) reform – threshold increased to £60k, with repayment threshold increased to £80k. Household income reform also announced, to come in 2026.
  • Higher rate Capital Gains Tax on property to be reduced from 28% to 24%
  • VAT registration threshold increased to £90,000

As always if you have any questions regarding taxes, whether it’s income or capital gains tax, please send us an email info@oboyleaccounting.com or call us on 028 91469054

 

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O’Boyle Accounting & Taxation Ltd

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If you run a small business and think you may be entitled to a tax refund or if you want to reduce your tax bill and you need any practical help with preparing Accounts / Tax returns and / or Quickbooks training please contact us!

Office: +44 (0) 28 91 469054

Email: info@oboyleaccounting.com

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O’Boyle Accounting & Taxation

Gerry O’Boyle is a qualified Chartered Management accountant (CIMA), has a Practising Certificate and is licenced by his accounting body CIMA to work in practice.