2024 Budget Proposal Uk. The chancellor, rachel reeves, has announced that the first budget of the new parliament will be held on 30 october 2024. On the back of an ambitious king’s speech, the first budget of the new government will seek to announce initiatives for growth, alongside activation of plans to balance the books, across the spectrum of personal and business taxes, as well as employment policy.
Draft legislation currently suggests vat will be charged on fees paid before 29 july 2024 if they relate to terms starting after january 2025. Spring finance bill 2024 will set: