Trade and Customs: Commodity Codes
A figure of Captain America (think Marvel comic books), the Tin Man, some Norse gods and Grey Worm from ‘Game of Thrones’ all came before the tax tribunal recently. It was a case about commodity codes, and the dispute turned on whether they were dolls representing...Budget Surprises
If they weren’t exactly rabbits out of the hat, Spring Budget 2024 still sprang its share of surprises. VAT registration limit Having been frozen at £85,000 since 2017, the VAT registration threshold wasn’t expected to change until at least March 2026. The Chancellor...National Insurance: where are we now?
Spring Budget 2024 announced further cuts to National Insurance contributions (NICs) taking effect from the start of the tax year, 6 April 2024. It’s the second cut announced, and impacts employees — including company directors and the self-employed. We outline the...Minimum wage
A reminder that minimum wage rates changed on 1 April 2024. The new hourly rates are: £11.44 for workers aged 21 and over (this rate is referred to as the National Living Wage); £8.60 for those aged 18 to 20; £6.40 for those under 18 and over school leaving age. This...Companies House Fees to Increase from 1 May 2024
Companies House has revealed changes to its fees from 1 May 2024 stating that these increases are intended to align with the actual costs of delivering their services.
