Details still landing.
(Pinched from elsewhere.)
Steven Swinford
@Steven_Swinford
Those £40billion of tax rises in full:
* Employers NI up by 1.2 percentage points to 15%, threshold lowered from £9,100 to £5,000. Raises £25billion
* CGT on shares increased. Lower rate from 10% to 18%, higher rate from 20% to 24%
* Inheritance tax - pension pots brought into scope for first time along with agricultural land. Thresholds frozen until 2030
* Vaping liquid to be taxed from October 2026
* Non-Dom scheme scrapped, replaced with new 'residence scheme'
* Tax rates on private equity investors increased
* Stamp duty surcharge for second homes rises to 5% from tomorrow
* VAT on private school fees will come in from January 2025. Business rates relief will end in April 2025
* Income tax and NI thresholds will **not** be extended from 2028
* Fuel duty **will not** rise