Highs and lows of the Labour Autumn Budget 2024 Webinar recording
If you were unable to join us on 13 November at our highs and lows of the Autumn Budget 2024 webinar here you will find a link to the full recording. In this webinar, presented by Tim Humphries our Tax Partner, and Kelly Eland our VAT Partner, we focused on the recent budget announcements and their implications, particularly in the areas of tax and VAT.
The session covered the various tax changes, including inheritance tax, capital gains tax, and VAT, among others. The webinar also covered the impact of these changes on businesses and private clients, with a particular focus on family businesses and private schools.
The session included a Q&A segment and provided information on how attendees could access further resources and contact us.
Webinar Highlights
- Discussion on the budget’s revenue-raising measures, particularly in direct taxes.
- Inheritance tax and capital gains tax changes, with specific focus on reliefs and thresholds.
- Changes in VAT, especially concerning private schools.
- The impact of national insurance increases on employers and employees.
- New reporting regimes for crypto assets and other indirect tax changes.
- Upcoming webinars on specific tax topics such as inheritance Tax and Making Tax Digital were announced.
Quotes from the RPGCC team included
- “It remains to be seen whether the tax raising measures actually do raise taxes.”
- “The government have decided as a revenue-raising measure that they are going to limit the 100% relief to the 1st 1 million of value.”
- “Charging VAT at the standard rate of 20% doesn’t mean that schools have got to increase their fees by 20%.”
Action items
- If you have not yet downloaded a copy of our Budget Report you can do that here
- Private schools need to be aware of VAT registration requirements and potential penalties.
- Businesses should prepare for the new reporting regime for crypto assets.
- If you are interested in joining us at our future Webinars, please do get in touch.
