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.
2020 Limits
A short look at 2020 Budget for Small Businesses
- The Personal Allowance has increased to £12,500 from April 2020
Other limits
From April 2020
VAT registration limit is £85,000
De registration limit is £83,000
Minimum wage increases April 2020
- £8.72 for 25 years and older
- £8.20 for 21-24 years old
- £6.45 for 18-20 years old
- £4.55 for under 18
Standard UK VAT Rate from 1979 to 1991
- 18/06/1979 to 18/03/1991 – 15 %
Standard UK VAT Rate from 1991 to 2008
- 19/03/1991 to 30/11/2008 – 17.5 %
Standard UK VAT Rate from 2008 to 2009
- 01/12/2008 to 31/12/2009 – 15 %
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 %