2 minute read | March.06.2024
The UK Government has announced a number of tax measures in today’s UK Spring Budget. There were no major surprises, particular as some of these developments had been trailed in recent days.
As many commentators have highlighted, this is a pre-election Budget, which has no doubt contributed to the move to further reduce NICs (following a similar reduction in the Autumn Statement 2023), combined with (and presumably in part funded by) the abolition of the ‘non-dom’ tax regime.
Away from the tax measures, the Chancellor made encouraging remarks in support of the UK tech sector, in particular looking to facilitate more investment from pension funds.
Here are five key tax highlights:
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