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01799 530 335 | info@hsaaccountants.co.uk
There were a number of tax-related consultations announced in the Spring Statement, including:
From 1 April 2025 the VAT registration threshold remains at £90,000 and the deregistration threshold at £88,000.
Private school fees for education and vocational training will no longer benefit from VAT exemption and are subject to VAT at the standard rate (20%). The change applies to terms beginning on or after 1 January 2025 although certain prepayments made after 29 July 2024 are also included.
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Inflation jumped to 3.5% in the year to April, up from 2.6% in March, according to the Office for National Statistics (ONS).
21 May 2025
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