2024 Budget: What you need to know
Interactive Video
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Business
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University
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Practice Problem
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Hard
Wayground Content
FREE Resource
The video discusses upcoming changes to tax rates, specifically increasing the rate by 1.2 percentage points to 15% starting April 2025. It also mentions reducing the secondary threshold from 9100 lbs to 5000 lbs annually. Additionally, the speaker assures that there will be no increases in National Insurance, VAT, or income tax.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the current threshold for National Insurance contributions before the change?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the three types of taxes mentioned that will not be increased?
Evaluate responses using AI:
OFF
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