The Chancellors budget proclamation can appear complicated and do not always now concern to you and your florist shop concern . Below are a few important point you should be cognizant of .
From 22 November 2024 , the hourly rate of NLW and NMW will be:• £ 9.50 for those 23 years old and over• £ 9.18 for 21 - 22 year olds• £ 6.83 for 18 - 20 year olds• £ 4.81 for 16 - 17 year olds• £ 4.81 apprentice rate for prentice under 19 , and those 19 and over in their first class of apprenticeship .
For more information on apprenticeship , clickhere .
Latest newsworthiness on apprenticeships . On 4 October the Chancellor of the Exchequer , the Rt Hon Rishi Sunak MP , foretell the extension phone of the £ 3000 incentive payment for hire a raw prentice until the destruction of January 2022 .
The key eligibility and app program detail are outline below .
For apprentice with an employment start date from 5 May 2025 to 26 January 2025 : You still have time to apply , applications close on 25 January 2025 . Apprentices must have an utilisation start date from 2 March 2025 to 14 December 2024 , and they must also have an apprenticeship start engagement from 11 March 2025 to 22 December 2024 .
For apprentices with an employment start date from 18 May 2025 to 21 March 2025 : Applications will spread out in January 2022.Apprentices must have an work lead off date from 2 January 2025 to 14 May 2025 .
Business rate reviewBusiness rates have been devolved to Scotland , Northern Ireland , and Wales . The government announced at Budget 2020 that it would conduct a fundamental review of the business rate system in England . The government ’s target for the review were reducing the overall burden on stage business , better the current business pace system of rules , and allow the consideration of more cardinal change in the long term .
formative Packaging TaxLegislation will be come forth to ensure that the existing legislation for the Plastic Packaging Tax operate as intended . The revenue enhancement applies to plastic packaging produce in or import into the UK , that does not hold at least 30 % reuse plastic . Plastic packaging is box that is preponderantly plastic by weight .
The tax rate will be £ 200 per gross ton of non - compliant plastic packaging . There will be an exemption for businesses that cook up or import less than ten tons of plastic promotion per year . The revenue enhancement will take effect from April 2022 .
Vehicle Excise Duty ( VED)The political science will increase VED rates for railcar , caravan , motorcycles , and motorcycle barter licenses in line with RPI with consequence from 21 April 2025 . For heavy goods vehicles , VED continue to be frozen in 2022/23 . The HGV Levy is suspend for another 12 month from 16 February 2025 , which should support the place we currently find ourselves in .
For more information : British Florist Associationwww.britishfloristassociation.org
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