Tax analysis: A summary of the key business tax announcements made in the Autumn Budget on 30 October 2024. Key announcements include an increase to the rate of employer National Insurance contributions (NICs) combined with a reduction in the secondary threshold, an increase to the capital gains tax (CGT) rate for carried interest, as well as announcement of a revised regime for carried interest from 2026, the publication of the Corporate Tax Roadmap, which confirms numerous items including that the corporation tax rate will be capped at 25% for the duration of the current Parliament, an increase to the stamp duty land tax (SDLT) higher rates and an increase to CGT rates applicable to disposals qualifying for business asset disposal relief and investors’ relief. Expert comment provided by Blick Rothenberg, Boodle Hatfield, Bryan Cave Leighton Paisner, Burges Salmon, CMS Cameron McKenna Nabarro Olswang, Eversheds Sutherland, Gateley Legal, Herbert Smith Freehills, Macfarlanes, Pinsent Masons, PKF Francis Clark, Proskauer, Pump Court Tax Chambers and Taylor Wessing.
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