We keep you updated

We provide our clients with regular updates on changes in taxation regulation, news from the world of accounting and, of course, information about the latest developments at Bodnant Associates Limited.

2023 Limits

A short look at 2023 Budget 

 

  • The Personal Allowance is £12,570 from April 2023/24

 

 Other limits

From April 2023

 

VAT registration limit is £85,000

De registration limit is £83,000

 

Minimum wage increases April 2023

  • £10.42 for National Living Wage
  • £10.18 for 21-22 years old
  • £7.49 for 18-20 years old
  • £5.28 for under 18

 

 

National Insurance threshold is £12,570.

 

Historic UK VAT Rates

 

Standard UK VAT Rate from 2010 to 2011

  • 01/01/2010 to 03/01/2011 – 17.5 %

Standard UK VAT Rate from 2011 to Present

  • 04/01/2011 to Present – 20 %