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.
2021 Limits
A short look at 2022 Budget for Small Businesses
- The Personal Allowance has increased to £12,570 from April 2022/23
Other limits
From April 2022
VAT registration limit is £85,000
De registration limit is £83,000
Minimum wage increases April 2022
- £9.50 for National Living Wage
- £9.18 for 21-22 years old
- £6.83 for 18-20 years old
- £4.81 for under 18
National Insurance Tax increase by 1.25%
National Insurance threshold increased to £12,570.
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 %