Spring Budget 2024 Draft Legislation. The government has now announced that full expensing will be extended to assets for leasing when fiscal conditions allow and will shortly publish draft legislation. As announced at 2024 spring budget, new legislation will be included in the spring finance bill 2024 which will increase the adjusted net income threshold for the high income.
Draft legislation will be published within weeks to extend full expensing, a £10 billion tax cut for businesses every year to help them invest for less, including leased assets when. The government will introduce legislation in the spring finance bill 2024 to increase the high income child benefit charge (hicbc) adjusted net income starting threshold to.