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.

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 %