Income Tax

Please note that ‘tax years’ run to 5 April each year and that, for example, 2025/26 signifies the year to 5 April […]

As expected, and with immediate effect from the budget date of 30 October 2024, the rates of capital gains tax (CGT) have […]

Employers must pay their employees at least the NLW, for workers aged 21 and over, or the NMW otherwise. The minimum hourly […]

For employees The national insurance contributions (NICs) rates and annual thresholds for employees for 2025/26 are as follows: Employees’ Class 1 NICs […]

Motor vehicles Continuing the topic seen above on double cab pick-up vehicles, a similar change in approach applies in relation to plant […]

Self-employed individuals pay Class 2 and Class 4 National Insurance Contributions (NICs). The relevant rates and thresholds are:   2025/26 2024/25 Class […]

If you let out residential or commercial property, the profits are taxed as part of your ‘other income’. If you sell property […]

From 1 April 2025, the VAT registration and deregistration thresholds will remain at £90,000 and £88,000 respectively. There have been no changes […]

Rates from 1 April 2025 Corporation tax rates and thresholds for the financial year to 31 March 2026 remain unchanged as follows: […]

Despite numerous rumours of possible changes to the taxation of pensions in the run up to the budget, the Chancellor decided not […]