A Member of the Association of Chartered Certified Accountants
Useful Info
Domestic Reverse Charge for VAT under CIS
Introduced from 1 March 2021. If you are VAT registered, work within CIS and deal with contractors and/or subcontractors, you will be affected. Click here for more info.
Capital Gains Tax - 60 day pay and file
You must report and pay any tax due on UK residential property using a Capital Gains Tax on UK property account within 60 days of selling it. You may have to pay interest and penalties if you do not.
Marriage Allowance Transfer
Would you like to save up to £250 per year in tax? Check out how here
High Income Child Benefit Charge
Do you or your partner earn over £60,000? Does one of you claim Child Benefit? If the answer is yes, then you will be affected. Find out how much you will need to pay here
Tax Thresholds
| 2024/25 | 2023/24 | |
|---|---|---|
| Personal Allowance | £12,570 | £12,570 |
| Basic Rate Band | £37,700 | £37,700 |
| VAT Threshold | £90,000 | £85,000 |
| Dividend Allowance | £500 | £1,000 |
