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Tell HMRC about unpaid tax on cryptoassets
Make a voluntary disclosure of any unpaid tax if you have income or gains from cryptoassets, including exchange tokens, NFT’s and utility tokens.
Corporate and business tax outlined in the Spring budget 2024
Corporation tax rates and thresholds remain at the levels used in the year to 31 March 2024 as follows:
Employment tax changes in the Spring Budget 2024
As announced in Autumn Statement 2023 and in effect since 6 January 2024, the main rate of Class 1 National Insurance Contributions (NICs) has already reduced from 12% to 10%.
Report and pay your Capital Gains Tax
If you sold a property in the UK on or after 6 April 2020: You must report and pay any Capital Gains Tax due on UK residential property within:
Diary of main tax events March/April 2024
Please see below the diary of main tax events for March/April 2024. As we move into 2024/25, there are a lot of tax changes on the horizon, with more likely to come alongside the general election. Where the government gives with one hand (e.g. NIC cuts for workers) they make take with the other hand (e.g. frozen income tax thresholds) and it can be hard to keep up.
Changes to the high-income child benefit charge 2024
In an effort to reduce unfairness, the thresholds for the high-income child benefit charge (HICBC) will be increased from 2024/25.
National Insurance for the self-employed
Self-employed individuals with profits of more than £12,570 a year pay two types of NIC: Class 2 and Class 4.
UK residency and domicile announcement in the Spring budget 2024
Significant tax changes have been announced for individuals resident in the UK but not permanently settled here (known as non-domiciled).
Capital Gains Tax changes in the Spring budget 2024
The capital gains tax (CGT) annual exemption will drop to £3,000 in 2024/25, down from £6,000 in 2023/24. This change will mean that those selling capital assets such as property or shares will pay more tax.