General Tips

Personal Tax

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Tax bands and rates The basic rate of tax is 20%. For 2025/26 the band of income taxable at this rate is £37,700 so that the threshold at which the…
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Business

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Corporation Tax rates The government has confirmed that the rates of Corporation Tax will remain unchanged, which means that, from April 2025, the rate will stay at 25% for companies…
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Capital Taxes

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  Capital Gains Tax Capital Gains Tax rates The Capital Gains Tax rates will increase for disposals, other than of residential property and carried interest, made on or after 30…
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Employment

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  National Insurance contributions Employees and NICs From 6 April 2024 the main rate of Class 1 employee NICs is 8%. The employer rate is 13.8%. The government announced that…
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Other Matters

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  The VAT registration threshold From 1 April 2025 the VAT registration threshold remains at £90,000 and the deregistration threshold at £88,000. Removal of VAT exemption for private school fees…
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Autumn Budget at a Glance

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Rachel Reeves delivered her first Budget as Chancellor of the Exchequer on 30 October 2024. The Budget aims to deal with the £22 billion ‘black hole’ in public finances whilst…
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