2024/2025 Tax Year: Key Information

The new tax year is here, and with it comes a refreshed set of rules and figures to keep in mind. 

Whether you’re an employer or an employee, it is important that you are aware of the latest changes. Staying on top of the latest tax regulations can save you time, money, and a lot of stress.

Here’s a breakdown of some key information for the 2024/2025 tax year:

Income Tax

(Please note, these are the rates in England, Wales & Northern Ireland. Scotland have different rates and thresholds)

National Insurance

Dividend Tax

Capital Gains Tax

Important Dates

It’s always best to consult with an accountant to received personalised information that is applicable for your business and situation. You may be eligible for more tax saving schemes, relief or other government payments. 

Turas Accountants are your partners in ensuring a smooth financial journey throughout the year. We deliver a comprehensive suite of accounting services tailored to address the varied demands of your business. From navigating payroll intricacies to exploring the dynamic world of cryptocurrency, our experienced team is on hand to provide support.

Find out more about what we have to offer your business here.