Get ready for positive changes in the UK job market as the national minimum wage is scheduled to rise in 2024. This increase not only reflects a commitment to fair pay but also presents new opportunities for businesses and workers alike. Stay ahead of the curve and ensure your workforce is well-prepared for these upcoming adjustments.

We are pleased to announce an upcoming change in the VAT threshold, which will see an increase from £85,000 to £90,000 starting in April 2024.

This adjustment aims to support businesses by providing them with more flexibility and financial relief. It is a positive step towards fostering growth and sustainability within the business community.

Stay informed and prepare for this change to ensure compliance and smooth operations.

Gov.uk says

This measure confirms the threshold businesses must register for VAT, has increased from a taxable turnover of £85,000 to £90,000. It also confirms that businesses may deregister for VAT if their taxable turnover goes below £88,000, a rise from £83,000.

This measure will take effect from 1 April 2024.

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