TAX RATES & ALLOWANCES
Personal tax rates are due till 5th April of every year.
Corporate rates and allowances are due till 31st March of each year.
Capital allowances
Allowances granted for the company’s assets including machinery and plants.
Capital gain tax
Rates of Capital Gain Tax (CGT) with annual exemption propose special rates for entrepreneurs.
Corporation tax
Corporation taxes are imposed on the income and profits of the companies.
Child benefit
Weekly Child/working tax credits and child benefit.
Income tax
Calculate your personal income tax using the current rates.
Individual Savings Account (ISA)
The annual ISA investment limits.
Inheritance tax
Inheritance tax rates and allowances.
Minimum wage
Minimum wage levels.
National insurance
Earnings thresholds and contribution percentages for Class 1 (employed), Class 2 and 4 (self-employed), and Class 3 (voluntary) national insurance contributions.
Pensions
Tax relievable pension contributions for individuals and employers.
Property and trade allowances
Business allowances for individuals.
Stamp duty & land taxes
The current percentages of stamp duty and the various UK property/land transaction taxes.
Permitted pay
Current weekly amounts.
Tax reliefs for individuals
EIS, SEIS, VCTs, and SIR.
Vehicles
Calculate the tax for employer-provided cars, vans, and related fuel.
Value Added Tax
The current VAT percentages and the annual registration and deregistration thresholds.