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.

Call us for more information