Among the tax measures announced in the Spring Budget were:
2% cut to the main rate of income tax from 10% to 8%
Self employed national insurance cut from 8% to 6%
Abolished multiple dwellings relief
Reduced the higher rate of CGT on property sales from 28 to 24%
VAT threshold increased to £90,000
Reformed the High Income Child Benefit Charge
Introduced brand new ISA which allows an additional £5,000 annual investment
Abolished Furnished Holiday Lettings relief
Abolished the non-dom status
Introduced duty on vaping products from October 2026 plus one-off
Frozen the fuel duty for the 14th year in a row for another 12 months, maintaining the 5p cut
Extended the alcohol duty freeze until February 2025
Made tax reliefs for orchestral productions permanent
£1bn in additional tax relief for creative industries over the next five years
Extended the windfall tax on oil and gas

Contact us at enquiries@ardury.co.uk to discuss further.