Press release
6 March 2024
Amanda Tickel, head of tax and trade policy at Deloitte, comments on today’s Budget:
“Today’s Budget was wide ranging, but not high spending. Cuts to National Insurance stole the pre-Budget headlines as the single biggest tax giveaway and will likely continue to dominate them in the coming days. The biggest tax raising measure comes from abolishing the non-dom tax regime, which may come as a surprise to many.
“The Chancellor has now scrapped five tax regimes in the last six months, with his continued approach of abolishing to simplify further extending his track record of using fiscal events to streamline the tax system. He also took some small steps to neutralise fiscal drag and inflationary effects, with increases to thresholds for VAT registration and the High Income Child Benefit Charge.
“The Budget landed heavily on changes to property taxation and focused on the creative sector. The Chancellor’s grand ambitions for the creative industry are evidenced by the number of financial measures announced today. Tax relief on expenses, support for smaller scale projects, and business rates relief – to name just a few – will be welcomed across the sector as both the established players and independent studios look set to benefit.”
@DeloitteUK for live comment
Deloitte spokespeople
Deloitte has a range of spokespeople available to comment on today’s Spring Budget. They can be reached on 020 7007 3333 or 0207 303 5054 or one of the following numbers:
• Debapratim De - senior economist (07884 765916)
• Amanda Tickel - head of tax policy (07920 270 964)
• Rachel McEleney - personal tax (07826 891 752)
• Zubin Patel - corporate tax (07586 511 104)
• Michael Nicolaides - employment tax (07768 178264)
• Richard Johnson – business rates (07774 337 581)
• Toby Price – stamp duty (07774 337 581)
• Gareth Pritchard – indirect tax (07586 511 104)
About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.
Deloitte LLP is a subsidiary of Deloitte NSE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.
The information contained in this press release is correct at the time of going to press.
For more information, please visit www.deloitte.co.uk.