Next week on Wednesday 6 March, Chancellor Jeremy Hunt will deliver the Spring Budget 2024. The Institute will be conducting its usual analysis of the tax measures contained in the Budget and will issue a newsletter to members on Wednesday afternoon with the key tax highlights. This will be followed by more detailed analysis in Chartered Accountants Tax News on Monday 11 March.
As the Budget is taking place in an election year, it is expected that some tax cuts will feature, however this is likely to be tempered by the recent news that the UK tipped into recession in the last quarter of 2023.