National Minimum Wage (NMW)

The biggest ever increase to the National Living Wage has been announced, with the government fully accepting the recommendations made by the […]

Tax Relief for expenditure on plant and machinery The Annual Investment Allowance (AIA) is now permanently set at £1million. This means that […]

The VAT registration and deregistration thresholds continue to be frozen at £85,000 and £83,000 respectively, instead of increasing each year in line […]

‘Stealth’ increases The personal allowance and basic rate band threshold are still frozen at their 2021/22 levels and, subject to the outcome […]

The government has announced a comprehensive package of pension reforms that aim to provide better outcomes for savers, drive a more consolidated […]

The capital gains tax annual exemption is set to drop to £3,000 in 2024/25, down from £6,000 in 2023/24. This change will […]

The inheritance tax nil rate band continues to be frozen at £325,000 until April 2028. The residence nil rate band will also […]

Rates from 1 April 2024 From 1 April 2024, the rate of Corporation Tax will continue to be 25% if a company’s […]

National Insurance Contributions (NICs) Like the main income tax bandings, employer and employee NIC thresholds are now also frozen until 5 April […]

The government continues to commit to a tax system that is easy for businesses and individuals to engage with, and where everyone […]