Every child should have access to a high-quality education. From 1 Jan 2025, VAT will apply to all education, training and boarding services provided by private schools. This money will help us to invest more in state education, improving standards and opportunities for all.

Travel Industry - Air passenger duty: The Government are introducing an increase of no more than £2 for an economy-class short haul flight. But on private jets there is an increase the rate of APD by a further 50% - equivalent to £450 per passenger for a private jet #Budget24

The Chancellor announces the government will increase the stamp duty land surcharge for second-homes, by 2% to 5% from tomorrow. #Budget24

There will be no extension of the freeze in income tax and National Insurance thresholds beyond the decisions of the previous government, Reeves says. From 2028-29, personal tax thresholds will be uprated in line with inflation, she says. #Budget24

NEWS: Funding to kickstart delivery of two million extra NHS appointments. The Chancellor has confirmed new funding to help deliver an extra 40,000 elective appointments per week. Reducing waiting lists and building an NHS fit for the future.

Autumn Budget 2024 - The Tax Team at White Hart Associates cover all of key points from Rachel Reeves Autumn Budget and outline how the numerous announcements could impact you and your business. #budget24 whitehartassociates.com/wp-content/upl…

WHA Blog Entry: WHA assist Leger Shearings Group shareholders in majority shareholding process. whitehartassociates.com/blog/wha-assis…

A huge thank you to Kennedys for sponsoring LifeLine’s Love Travel St Patrick’s Day Networking Lunch today! And of course, to all those that attended, including WHA, T&G Associates, @TravelTradeC, Touchstone Underwriting, Towergate Insurance and others.

"Global economy has become more uncertain" The chancellor says the government's task is to "secure Britain’s future in a world that is changing before our eyes". #SpringStatement25

The Chancellor refers to the fiscal rules she set out in October Budget - calling them "non-negotiable". She says they will bring "stability" to the economy and "security" for working people. #SpringStatement

Public services are crucial for millions in the UK, and paying the right tax is vital to support them. That's why we are closing in on promoters of tax avoidance schemes and prosecuting more tax fraudsters.

The Chancellor says that she is sticking to her fiscal rules. The first is balancing the budget by 2029/30, so that day to day spending is met by tax receipts, she says. The second is that debt falls by the end of the forecast period to 2029/30. #SpringStatement

Chancellor announces to crack down on tax evasion, increasing the number of tax fraudsters charged each year by 20%". These changes will take the total revenue raised from reducing tax evasion to £7.5bn, which she says has been verified by the (OBR).#SpringStatement

The Chancellor: "Labour is the "party of work". If you can work, you should, and if you can't you should be supported, she adds. She then refers to the OBR statement today which estimates her package will save £4.8bn in the welfare budget. #SpringStatement

The Chancellor announces that Universal Credit will get a boost. She says that the Universal Credit standard allowance will increase from £92 per week in the financial year 2025/26 to £106 per week by 2029/30. #SpringStatement

The world is changing and the UK must adapt. That is why we have announced a £2bn increase to UK Export Finance's lending capacity, boosting growth and securing jobs for the defence sector, while unlocking opportunities for UK exporters to expand sales and increase their competitiveness.

As expected, the chancellor says the OBR has slashed growth forecast for coming year in half from 2% to 1% - which is still more optimistic than Bank of England at 0.7%. #SpringStatement

We're announcing a further £2bn for social and affordable housing in 2026-27, helping to deliver our goal of 1.5m homes by the end of this Parliament. By taking on the blockers to get Britain building, we'll kickstart growth and put more money in people's pockets.

Chancellor insists 2% inflation target will be reached by 2027. Turning to the impact of uncertainty on the economy, She says this means working with the independent Monetary Policy Committee "in their work to meet the 2% inflation target". #SpringStatement

We are making it simpler for families to pay their High Income Child Benefit Charge (HICBC). From Summer 2025, employed parents will have the option to pay their HICBC through PAYE, removing the need to register for Self Assessment.