UK HMRC has announced an increase in the VAT threshold from GBP 85,000 to GBP 90,000 with effect from 1 April 2024, as well as a freeze of business rates.

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Boost for small business as VAT threshold raised and rates frozen

• 28,000 small businesses freed from paying VAT, encouraging them to invest and grow as the threshold is raised from £85,000 to £90,000
• Over one million properties prot…