2024 Autumn Budget – Summary and Comment
1 November 2024
The 2024 Autumn Budget (the Budget), announced on 30 October, introduced several significant changes many of which will adversely affect individuals. In this series, we take a closer look at the announced adjustments.
Each of the articles summarises how the changes in the Budget might impact you in your capacity as a
The changes described in the accompanying sections are what is understood to be the case following the Budget announcements but there may be some extra details in the draft legislation when produced and of course all proposals are subject to change in the passage through Parliament. Please consult us for further advice before taking any action.
The Budget is broadly in line with what was reported in the build-up: looking past the headline grabbing application of VAT to private schools, the Budget aims to raise public funds to the tune of £40 billion and places the burden of this on big businesses and high net worth individuals, while clarifying the new Government’s plans for Non-Dom individuals.
This series provides a summary and commentary on the 2024 Autumn Budget. For detailed advice and assistance navigating the impacts of the new budget please contact Michael Woodward at MichaelWoodward@cartercamerons.com.
Author: Julian Smith
