What are the different rates of VAT?

What are the different rates of VAT?

VAT is a complex tax, and there are multiple rates of VAT, some of which result in you charging the same amount to a customer. There are some obvious and some subtle differences that you need to know. Standard rate (20%) The standard rate of VAT in the UK is 20%. This...
Important Changes for Employers

Important Changes for Employers

The changes to employers’ National Insurance announced in the 2024 Budget come into effect from 6 April 2025. From this date, the rate of employers’ NI will increase from 13.8% to 15%, and the threshold that employers will start paying the tax at will decrease from...