We grabbed our popcorn and pulled up a comfy seat, but today's budget announcement felt more like a party-political broadcast than a fiscal statement! And as we predicted in January (unless we missed it) a big fat ZERO on IR35.
VAT Victory: From 85k to 90k
First up, the VAT threshold lifting from 85k to 90k - music to the ears of any admin-shy Limited Company Contractors. Less paperwork, more time for the good stuff!
Tax Tango: 2p National Insurance Cut (again!)
And let's not forget the latest 2p National Insurance cut - a victory dance moment for over 100,000 Brolly Contractors caught by IR35 and paying double pay NI
NHS Tech Bonanza: £3.4bn for Digital Overhaul
Now, onto the main event: £3.4bn earmarked for a new NHS IT system. Cue the confetti for Developers, Testers, Business Analysts, and Project Managers - especially those with a penchant for the NHS sector. Get ready to dive into a bonanza of opportunities.
Cheers to Frozen Taxes: Alcohol Duty on Ice Until 2025
A freeze on Alcohol Duty until 2025, because let's face it, sometimes you need a little extra something to toast those successful projects.
Village Hall revival: £5m for Community Comedy Relief
And last but certainly not least, the real showstopper: £5m allocated for renovating your local village hall. Because it couldn’t be a budget without at least one good gag.
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