As you may already be aware, the Government reviews the statutory rates each year to be in line with the consumer price index. The rates have not increased since April 2014. The proposed rates shown below are expected to take effect from April 2017:
Whilst these are only proposed, it does give us an indication that there will be increases and what level the rates could potentially be increased to. We still await for final confirmation from the Government, so watch this space. Once we know, we will let you know.
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