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Private schools will need to register for VAT and charge output VAT on education and boarding services when the exemption that currently applies is removed from 1 January 2025

Schools will need to register for VAT by 1 January 2025. We can help you with this

All education and boarding services...

As expected, the Chancellor has confirmed the abolition of the generous tax regime enjoyed by non-UK-domiciled individuals, or 'non-doms'

The current rules will end on 5 April 2025 and be replaced by a new regime based on residence

Broadly, the current rules apply to a UK resident whose perma...

The Chancellor has extended the current freeze on inheritance tax (IHT) thresholds until 2030 and announced changes to the treatment of inherited pensions and other IHT reliefs.

The nil-rate band (NRB) is the amount of any estate that can be inherited tax free. It has remained at £325,000 since Ap...

The Chancellor has announced that the main rate of secondary Class 1 national insurance contributions (NIC) for employers will increase by 1.2 percentage points from 13.8% to 15% from April 2025.

The Class 1A and Class 1B employer rates (relating to benefits) will also increase in line with this....

The rates of capital gains tax (CGT) payable on gains arising from assets other than residential property have been increased with immediate effect.

Rates

Those taxpayers who decided to accelerate planned investment disposals before the Budget in anticipation of the predicted CGT hike will be...