At a glance..
•National Insurance - From April 6 National Insurance will be cut from 10% to 8% for employees and from 8% to 6% for sole traders.
•Child benefit - The High Income Child Benefit Charge will rise from £50,000 to £60,000 with the cutoff point also increasing to £80,000.
From April 2026, the high income child benefit charge system will move to a collective household income basis.
•Holiday homes- abolishment of the furnished holiday lettings regime from April 2025.
•The tax concept of domicile will be abolished, as will the non-domicile tax regime, to be replaced by a residence-based system from April 2025.
•Multiple dwellings relief for stamp duty is being abolished from June 2024.
•The higher rate of property capital gains tax is to be reduced from 28% to 24%
•VAT registration threshold to increase from £85,000 to £90,000 from April 1st