Here is a breakdown of the payable tax rates: Personal Allowance Up to £12, 570 0% Tax rate Basic rate £12,571 – £50,270 20% Tax rate Higher rate £50,271 – £150,000 40% Tax rate Additional rate Over £150, 000 45% Tax rate Note: Starting in April 2023, the ...
Find out which tax band your car is in and learn more about how to reduce your car tax rates. Explore More Buying a Used Electric Car 25th August 2023 Kia Business We delve into what you need to know before buying a used electric car and how Kia’s buying package offers you sec...
CPI rates history MonthAnnual CPI rate September 2024 1.7% August 2024 2.2% July 2024 2.2% June 2024 2% May 2024 2% April 2024 2.3% March 2024 3.2% February 2024 3.4% January 2024 4% December 2023 4% November 2023 3.9% October 2023 4.6% September 2023 6.7% What is the UK target infl...
British Auto Marketis stagnating in 2024. New car passenger sales in November totaled 153,208 (-0.9%) with YTD figures at 1,8 million (+3.3%). BMW moved up 4 spots to claim 2nd position (+16.2%), closing in on leader Volkswagen. Market Trend and Outlook The UK’s GDP growth is ex...
Additionally, gifts valued below GBP 39 are also exempt from VAT. In summary, here’s the VAT charges: VAT Rates Applied Goods Standard rate 20% This applies to most services and goods Reduced rate 5% This applies to some goods and services such as health products, fuel he...
Capital gains tax rates The capital gains tax regime was simplified in Labour’s October 2024 Budget. Unfortunately the same Budget increased CGT rates, too. The specific rate you’ll pay on your gains depends on your total taxable income. ...
New car registrations in the UK rose nearly 15% in April versus the same month last year, the strongest growth in 14 months, according to new figures.The Society for Motor Manufacturers and Traders (SMMT) said 163,357 new cars were registered last month, up 14.8%, the best April ...
Last month, the government announced the BBC licence fee will increase in line with inflation each year until 2027, rising in April to £174.50. It will be an increase of £5, or an extra 42p a month, after the last £10.50 rise brought the charge...
You’ll also find a brief overview of rates, refunds, and where to get advice. Sections include: Tax system in the UK Latest UK tax news – October 2024 Who pays tax in the UK? How does tax work for expats? Do I need a tax ID number in the UK? Types of tax in the UK Income...
January 5 2024 UK insurance industry Floods will add to rising UK home insurance bills ABI calls for more support for homeowners after string of damaging storms July 4 2023 FT live news Live news update from July 4: Thames Water faces ‘huge resistance’ from investors, seven injured in attac...