Due to ongoing post-Brexit reforms, businesses have undergone numerous changes, with more to come.
To help businesses prepare effectively, we have outlined the key tax and accountancy changes expected between January and April 2024, as well as others on the horizon, ensuring your business operates smoothly.
Some changes include:
UK employees' National Insurance rate drops from 12% to 10%.
National Living Wage extends to all workers aged 21+, increasing to £11.44/hr.
Capital Gains Tax annual exemption decreases from £6,000 to £3,000, impacting sole traders and partnerships.
UK video game developers can transition to the Video Games Expenditure Credit from Jan 1, 2024.
And Many more!
Read more about the set of changes here!
It is important to be aware that certain changes might substantially impact your business' trading expenses. So, the sooner you can anticipate them in your cash flow forecast, the better prepared you'll be.
Utilise our Accountancy Bundle to seek guidance and assistance in preparing for these important changes.
