Other matters

Highlighting consultations and VAT.

Call 02476 251333 / 01926 888865 or email accts@leigh-christou.co.uk

Consultations

There were a number of tax-related consultations announced in the Spring Statement, including:

  • Clearances for the Research and Development tax reliefs, with the aims of reducing error and fraud, increasing certainty for customers and improving customer experience.
  • Modernising how HMRC acquires and uses third-party data to make it easier for taxpayers to get tax right first time.
  • Options to improve the financial penalties that apply when inaccuracies are found in returns and documents submitted to HMRC and where taxpayers do not meet their obligations to notify HMRC of circumstances that affect their tax liability.Options to enhance HMRC's powers and sanctions to take swifter and stronger action against tax advisers who facilitate non-compliance.

The VAT registration threshold

From 1 April 2025 the VAT registration threshold remains at £90,000 and the deregistration threshold at £88,000.

Removal of VAT exemption for school fees

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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About our team

Leigh Christou Limited was established as a firm of Accountants in 1983 converting to a Limited Liability Partnership in 2010 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike.

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Contact Details

Please call:
02476 251333 / 01926 888865

Leigh Christou Limited, Leofric House, Binley Road, Gosford Green, Coventry, West Midlands CV3 1JN

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Leigh Christou Ltd are registered as auditors and are regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants. Audit Register No. 8000853

Leigh Christou Ltd is registered in England. Company No. 8829664. Registered office: Leofric House, Binley Road, Coventry CV3 1JN.

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