April

1 April

Financial year 2024 begins

Corporation tax due for accounting periods ended 30 June 2023 where not payable by instalments

VAT threshold increases from £85,000 to £90,000

VAT deregistration threshold up from £83,000 to £88,000

VAT acquisitions threshold for registration and deregistration increased to £90,000

5 April

Tax year 2023–24 ends

Last date to register to payroll benefits in kind for 2024–25

6 April

Tax year 2024–25 begins

Dividend allowance reduced from £1,000 to £500 for 2024-25 tax year

Class 1 Employer National Insurance contributions (NICs) cut by 2% to 8%

Class 2 NICs for self employed abolished