Tax Tables 2017/18. ** 31,500 in Scotland

Size: px
Start display at page:

Download "Tax Tables 2017/18. ** 31,500 in Scotland"

Transcription

1 Tax Tables 2017/18 Assisting finance professionals to pass industry exams and helping meet their CPD requirements with our accredited CPD system Wizard Learning Ltd 1. Income Tax rates 2. Personal Allowances 3. Child Tax Credit 4. Working Tax credit 5. Company Cars 6. National Insurance Contributions 7. Capital Gains Tax 8. ISA Subscription Limits 9. Value Added Tax 10. Stamp Duties 11. Corporation Tax 12. Pension Contributions 13. Inheritance Tax 1. Income Tax Rates Each year, the rates of Income Tax are set in the annual budget. It is charged at increasing rates, depending on the amount of income an individual has and from where it has arisen. 2017/ /17 Rate % Band Rate % Band 0 1-5,000 * 0 1-5,000 * ,500 ** , , , , , Over 150, Over 150,000 * The 0% starting rate is applied for savings income, applicable where non-savings taxable income after allowances is under 5,000. If non-savings taxable income exceeds 5,000 then the 0% starting rate for savings will not apply. ** 31,500 in Scotland The 20% rate applies to income up to 33,500 ( 31,500 in Scotland) in the current tax year is known as the basic rate and the 40% rate on income in excess of 33,500 ( 31,500 in Scotland) is known as the higher rate. The 45% rate on income in excess of 150,000 is known as the additional rate. Page 1 v71.1

2 A new Personal Savings Allowance (PSA) was introduced in the 2016/17 tax year on interest received from savings. Basic rate taxpayers have an allowance of 1,000 on which no tax will be paid and higher rate taxpayers have an allowance of 500 on which no tax will be paid. Additional rate taxpayers have no PSA and any interest received will be taxed in full. Another change that took effect from the 2016/17 tax year onwards is the payment of savings interest gross, i.e. with no income tax deducted at source. Prior to 6 April 2016, interest was paid net of 20% income tax. Higher rate and additional rate taxpayers paid further income tax of 20% and 25% respectively of the grossed-up interest, basic rate taxpayers had no further tax to pay on the interest, and nontaxpayers could reclaim the tax already deducted. Until 2015/16, dividend income was paid with a 10% tax credit. This was representative of the tax already paid by the company on its profits and, although not income tax, it was deemed to satisfy the basic rate tax liability to income tax on dividends. So, the tax rates for dividend income were 10% (income up to the basic rate), 32.5% (higher rate) and 37.5% (additional rate). Higher rate and additional rate taxpayers paid an additional 22.5% and 27.5% respectively of the grossed-up dividend. Basic rate taxpayer had no further tax liability, nor did non-taxpayers, although this 10% tax credit was not reclaimable, not by anyone. This has changed from the start of the 2016/17 tax year. The 10% tax credit has been removed and dividends are now paid gross. All individuals now have a dividend allowance of 5,000 on which no income tax will be charged. Dividend income in excess of 5,000 in the tax year will be charged at 7.5% for basic rate taxpayers, 32.5% for higher rate taxpayers and 38.1% for additional rate taxpayers. Page 2 v71.1

3 2. Personal Allowances 2017/ /17 Personal * 11,500 11,000 Married couples (and civil partners) allowance 3,260 3,220 (born before 6/4/1935) minimum at 10% ** Married couples (and civil partners) allowance 8,445 8,355 (born before 6/4/1935) maximum at 10%** Marriage Allowance*** 1,100 1,060 Age related allowances reduced by 1 for every 28,000 27,700 2 of income over: (Married, born before 6/4/35)** Rent-a-room 7,500 7,500 Blind Persons Allowance 2,320 2,290 Enterprise Investment Scheme relief limit at 30% 1,000,000 1,000,000 Venture Capital Trust relief limit at 30% 200, ,000 Seed Enterprise Investment Scheme at 50% 100, ,000 Seed Enterprise Investment Scheme CGT 50% 50% reinvestment relief Social Investment Tax Relief 30% 1,000,000 1,000,000 * The Personal Allowance will be reduced by 1 for every 2 where net income exceeds 100,000 with no personal allowance above 123,000 in 2017/18 (or 122,000 in 2016/17) ** Married couples and civil partners where at least one of the couple was born before 6/4/1935 are entitled to the married couples allowance. This is a restricted allowance, i.e. it does not increase the amount of income that can be received before tax is payable; instead it reduces the tax bill by 10% of the amount of allowance the individual is entitled to. It is subject to the income limit of 28,000, which means that this allowance is lost at a rate of 1 for every 2 that income exceeds 28,000 (and lost altogether when income exceeds 38,370). *** Available for those born after 5 April 1938 a basic rate or non-taxpayer can transfer up to 10% of the personal allowance ( 1, /18) to a spouse or civil partner who is not a higher or additional rate taxpayer. Certain Income Tax reliefs are capped at the greater of 50,000 or 25% of income. This excludes charitable donations. An additional tax charge applies to claw back child benefit (by 1% for every 100 of income) where one income in a household exceeds 50,000, with full claw back by 60,000. Page 3 v71.1

4 3. Child Tax Credit MAXIMUM AMOUNT 2017/18 Family element - the basic payment if responsible for one or 545 more children Child element - for each child under 16, paid on top of the 2,780 family element Disabled child element (additional to child element) 3,175 Severely disabled child element, paid on top of any disability 1,290 element A qualifying young person is a person aged under 20 in full-time non-advanced education or on an approved unwaged job-related training scheme. A family can only receive one family element regardless of the number of children. From 6 April 2012 child tax credit may not be paid if there is one child and the annual income is more than around 26,200 or there is two children and the annual income is more than around 33,900, however payments will be made in relation to each individual s unique personal circumstances. 4. Working Tax Credit MAXIMUM IN 2017/18 Basic 1,960 Second adult in family 2,010 Lone parent 2, hour element (where one person works 810 at least 30 hours) Disability (for each disabled worker) 3,000 Severe disability (for each disabled 1,290 worker) Childcare: one child Lower of 70% of eligible childcare costs and 175/week Childcare: two or more children Lower of 70% of eligible childcare costs and 300/week All the elements of both child and working tax credit are tapered by reference to the claimant s circumstances. The maximum amounts payable are initially calculated without reference to income. A reduction is then made with reference to the amount of income. For child tax credit, where income exceeds 16,105 it will be reduced by 41%. For working tax credit, it is also reduced by 41% for income over 6,420. Families who receive income support, income-based jobseekers allowance and pension credit are automatically entitled to the full child tax credit without reference to income. From 6 April 2012, if you are a couple with children, your joint working hours per week usually need to be 24 to qualify, although payment depends on individual circumstances. Page 4 v71.1

5 4A Tax credits income thresholds The tax credits income thresholds and withdrawal rates are shown below. Income thresholds and withdrawal rates - per year (unless stated) 2017/ /17 Rates and Thresholds First income threshold 6,420 6,420 First withdrawal rate (per cent) 41% 41% Second income threshold Withdrawn Withdrawn First threshold for those entitled to Child Tax 16,105 16,105 Credit only Income rise disregard 2,500 2,500 Income fall disregard 2,500 2, Company Cars Car benefit Calculated as a percentage of the list price based on the vehicles CO2 emissions. CO2 emissions grams per kilometre Percentage charge Petrol Percentage Charge Diesel % 12% % 16% % 20% % 21% % 22% % 23% % 24% % 25% % 26% % 27% % 28% % 29% % 30% % 31% % 32% % 33% % 34% % 35% % 36% % 37% % 37% % 37% % 37% % 37% 200 and over 37% 37% Zero emission cars (e.g. electric) have no taxable benefit. Page 5 v71.1

6 Fuel benefit: Calculated as a percentage of 22,600 Percentage used is from the above table. Minimum at 9% 2,034 Maximum at 37% 8,362 Private Vehicles Used For Work: Cars On the first 10,000 business miles in tax year Each business mile above 10,000 business miles Motor Cycles Bicycles Qualifying passenger 45p per mile 25p per mile 24p per mile 20p per mile 5p per mile 6. National Insurance Contributions Thresholds and rates Thresholds 2017/18 Weekly Monthly Yearly Lower Earnings Limit (LEL) ,876 Primary earnings threshold (employees) ,164 Secondary earnings threshold (employers) ,164 Upper earnings limit (UEL) 866 3,750 45,000 Class 1 employee contribution rates Rates Total earnings per week Up to * Nil % Above % Class 1 employer contribution rates 2017/18 based on earnings above the employers secondary earnings threshold of 157 per week. 13.8% From April 2014, businesses and charities can claim a reduction of up to 3,000 (2017/18) of their employers contributions (NIC employment allowance). This is not available if a director is the sole employee. From 6 April 2015, no employer s contributions are payable in respect of weekly earnings up to 866 paid to employees under age 21. For 2017/18 this increases to age 25 for apprentices. Page 6 v71.1

7 Reduced rate Class 1 (married women) Employee: per week 5.85% Above 866 per week 2% Employer: 13.8% Class 1A contributions: Flat rate of 13.8%. Maximum Class 1 contributions from multiple employments 53 x 709 ( ) x 12% = 4, Class 2 (self-employed) Flat rate per week where earnings exceed 6,025 Class 3 (voluntary) Flat rate per week Class 4 (self-employed) 9% on profits between 8,164 and 45,000 plus 2% on profits above 45,000. Page 7 v71.1

8 7. Capital Gains Tax Exemptions 2017/ /17 Individuals, estates etc 11,300 11,100 Trusts generally 5,650 5,550 Chattels proceeds (5/3 excess gain is taxable) 6,000 6,000 Rates Nil and Basic Rate taxpayers 10%* 10% Higher and additional rate taxpayers 20%* 20% Trusts and estates 20%* 20% * Rates of capital gains tax remain at 18% and 28% for gains made from property. For all other gains, the rates of capital gains tax are 10% and 20% (2017/18) The amount of gain is added to the individual's other income in the tax year to establish the rate of tax to be paid. Any part of the gain falling into the basic income tax rate band is charged at the lower rate and any excess is charged at the higher rate. Entrepreneur s Relief Gains made from 23/6/2010 that qualify for the relief are taxed at the flat rate of 10%. From 05/04/11 the lifetime limit has been set at 10,000,000. For trading businesses and companies (minimum 5% employee shareholding) held for 1 year or more. 8. ISA Subscription Limits ISA 2017/18 * 20,000 Junior ISA 2017/18 ** 4,128 Help to Buy ISA (from 1 Dec 2015) 1,000 initial and 200/month * Investment can be in cash or shares. ** From April 2015, cash in a Child Trust Fund can be transferred to a Junior ISA. 9. Value Added Tax Standard Rate 20% Reduced rate 5% Zero-rate 0% Annual registration limit 85,000 De-registration threshold 83,000 Flat rate scheme turnover limit 150,000 Cash and annual accounting schemes turnover limit 1,350,000 Page 8 v71.1

9 10. Stamp Duties Stamp Duty Land Tax England and Wales Non Residential Land and Buildings Property Value: 0-150,000 0% 150, ,000 2% Over 250,000 5% Residential Land and Buildings (rates applied cumulatively from 4 December 2014) Property value: Up to 125,000 0% 125, ,000 2% 250, ,000 5% 925,001-1,500,000 10% Over 1,500,000 12% Scotland Land & Buildings Transaction Tax (LBTT) Non Residential Land and Buildings (from 1 April 2015) Property value: 0-150,000 0% 150, ,000 3% Over 350, % Residential Land and Buildings (from 1 April 2015) Property value: 0-145,000 0% 145, ,000 2% 250, ,000 5% 325, ,000 10% * Over 750,000 12% * For residential properties purchased by companies (or similar entities) over 500,000 the rate is 15%. Second properties over 40,000 add 3% to each band of Stamp Duty Land Tax and Land & Buildings Transaction Tax from 1/4/16. Page 9 v71.1

10 Stamp Duty and Stamp Duty Reserve Tax Shares and Securities - Standard rate 0.5% of the consideration paid * Stamp Duty Reserve Tax 0.5% / 1.5% (depending on whether electronic or paper transaction) * No charge unless amount due exceeds 5 Both taxes were abolished from 30 March 2014 on recognised growth markets, including AIM and ISDX. 11. Corporation Tax Financial Year Year to 31/3/2018 Full rate 19% Capital Allowances Plant & machinery 100% annual investment allowance (1 st year) * 200,000 (from 1/1/16) Writing down allowance Plant & machinery, patent rights, know-how (reducing balance) per annum 18% Plant and machinery in certain enterprise zones 100% Energy-saving and water efficient plant and machinery 100% Renovation of business premises (disadvantaged areas) 100% *There is a 100% annual investment allowance on the first 200,000 tranche per annum of capital expenditure incurred on or after 1 January 2016, per group of companies or related entities, on plant and machinery including long life assets and integral features, but excluding cars. Certain long-life assets, integral features of buildings (reducing balance) per annum 8% Enterprise zone, commercial and industrial buildings 100% ** Motor cars CO2 75g/km or less (new cars in first year) 100% CO2 76g/km 130g/km (reducing balance) 18% CO2 over 131g/km or more (reducing balance) 8% New and unused zero emissions goods vehicles 100% Patent rights and know how *** 25% Research & Development Capital expenditure 100% Tax credits SME scheme 230% Tax credits large companies scheme 11% Film Tax relief: Limited budget (up to 20 million) 25% Page 10 v71.1

11 Large budget (over 20 million) 25% on the first 20 million, 20% on additional expenditure. Wear and tear allowance for furniture in residential properties 10%. ** All enterprise zone designation periods have now ended. A balancing charge is made if the building is sold within 25 years of its first use. *** These allowances are given on a reducing balance basis. For expenditure from April 2002 accounting write downs (and not capital allowances) are allowable deductions for tax. 12. Pension Contributions Lifetime Allowance Annual Allowance 2016/ million 2016/ , / million 2017/ ,000* * In some circumstances carry forward may also be allowed from the previous 3 tax years, by reference to a limit of 50,000 per annum to 2013/14 and 40,000 per annum thereafter. ** Subject to 50% taper down to 10,000 if threshold income over 110,000 and net adjusted income over 150,000. Money Purchase Annual Allowance 2016/17 10, /18 4,000 Annual allowance charge Between 20% to 45% tax charge (depending on taxable income) on the amount of total pension input in excess of the annual allowance Lifetime allowance charge 55% of excess over lifetime allowance if taken as a lump sum. 25% of excess over lifetime allowance if taken in the form of income, which is subsequently taxed under PAYE. Unauthorised payment charge A 40% income tax charge will be levied on the recipient of the payment and the scheme would also be charged income tax normally at 15% of the unauthorised payment. A surcharge of 15% income tax is payable in addition where the unauthorised payment is more than 25% of the fund value. Minimum pension age The minimum pension age is 55. Increasing to 57 in For members with protected retirement ages the lifetime allowance is reduced by 2.5% for each year below the normal pension age except for some public service schemes such as Police and Armed Forces. No reduction for ill health early retirement. Triviality Page 11 v71.1

12 Small pension funds can be paid as one-off lump sums, 25% tax free and 75% taxable as income from age 55. Maximum value of each small pot (defined contributions schemes only) is 10,000 Maximum value of triviality lump sum is 30,000. Flexible Access Drawdown (FAD) from 6 April 2015 Maximum tax free cash lump sum 25% of fund from age 55 Maximum income unlimited from age 55 Uncrystallised Fund Pension Lump Sum (UFPLS) 25% tax free, 75% taxable as income Maximum GAD limited for Capped Drawdown plans started before 5 April 2015 Auto-enrolment minimum contributions Dates Employer Employee Gross Phase 1 Staging dates to 30/09/17 1% 1% 3% Phase 2 01/10/17 to 30/09/18 2% 3% 5% Phase 3 from 01/10/18 3% 5% 8% The minimum earnings for auto-enrolment is the income tax threshold for that tax year. For 2017/18 10,000 Page 12 v71.1

13 13. Inheritance Tax 2017/ /17 Nil rate band * 325, ,000 Residence nil rate band ** 100,000 N/A Death rate (tax paid on excess over nil rate band) 40% *** 40% Lifetime transfers to and from certain trusts 20% 20% Overseas domiciled spouse/civil partner exemption 325, ,000 * Rate frozen until 2017/18. Up to 100% of the unused proportion of a deceased spouse s/civil partner s nil-rate band can be claimed on the surviving spouse s/civil partner s death. **Subject to 50% taper for estates above 2,000,000 *** Reduced to 36% for deaths on or after 6 April 2012 where at least 10% of the net estate is left to charity. Taper relief Reduced tax charge on gifts within 7 years of death Years between gift and death Percentage of death charge 100% 80% 60% 40% 20% Main Exemptions Gifts to UK domiciled spouses/civil partners are 100% exempt Gifts to non-uk domiciled spouses/civil partners from UK domiciled spouses/civil partners are exempt up to 325,000 Individual annual allowance of 3,000 per tax year. Any unused allowance can be carried forward one tax year, however the allowance for that tax year must be used first before any unused allowance can be carried forward; Individuals can make unlimited small gifts of 250 per person; Normal expenditure out of income is exempt as long as it does not reduce the donor s standard of living; Gifts in consideration of marriage/civil partnership ( 5,000 by a parent, 2,500 by a party to the marriage/civil partnership or remoter relative and 1,000 by anyone else); Gifts to UK registered charities and political parties with at least one Member of Parliament are unlimited; Gifts for public benefit/national purposes may also be exempt; Gifts for the maintenance of a family (subject to conditions). Page 13 v71.1

14 Reliefs Business property relief: 100% - available for interests in unincorporated businesses, sole traders and partnerships. Shareholdings of any size in unquoted and AIM companies. 50% - available for controlling shareholdings in fully listed companies. Land, buildings, plant and machinery used wholly or mainly in connection with a company controlled by the transferor or a partnership in which the transferor was a partner. Agricultural relief: 100% - available for owner occupied farms and farm tenancies. 50% - available for interest of landlords in let farmlands. The 50% relief is increased to 100% for land let under tenancies exceeding 12 months that started after 31 August The information provided is based on our understanding of UK law and HMRC practice at the date of production, which may be subject to immediate change. Wizard Learning are not responsible for any arrangements entered into on the basis of the information in this document. Page 14 v71.1

Assisting finance professionals to pass industry exams and helping meet their CPD requirements with our accredited CPD system Wizard Learning Ltd

Assisting finance professionals to pass industry exams and helping meet their CPD requirements with our accredited CPD system Wizard Learning Ltd Tax Tables 2018/19 Assisting finance professionals to pass industry exams and helping meet their CPD requirements with our accredited CPD system Wizard Learning Ltd 1. Income Tax rates 2. Personal Allowances

More information

*Reduced by 1 for every 2 of income over 28,900 ( 28,000 for 17/18), until minimum reached.

*Reduced by 1 for every 2 of income over 28,900 ( 28,000 for 17/18), until minimum reached. 2018/19 TAX TABLES INCOME TAX Basic rate of 20% on income up to: UK excl. Scotland 34,500 33,500 Scotland* TBA 31,500 Higher rate of 40% on income over: UK excl. Scotland 34,500 33,500 Scotland* TBA 31,500

More information

INCOME TAX REGISTERED PENSIONS

INCOME TAX REGISTERED PENSIONS INCOME TAX UK excluding Scottish taxpayers non-savings income 18/19 17/18 20% basic rate on income up to 34,500 33,500 40% higher rate on income over 34,500 33,500 45% additional rate on income over 150,000

More information

Not available if taxable non-savings income exceeds the starting rate band.

Not available if taxable non-savings income exceeds the starting rate band. INCOME TAX 17/18 16/17 Basic rate of 20% on income up to: UK (excl. Scotland) 33,500 32,000 Scotland 31,500* 32,000 Higher rate of 40% on income over: UK (excl. Scotland) 33,500 32,000 Scotland 31,500*

More information

Tax card 2017/ / /

Tax card 2017/ / / Tax Tax card card Tax card 2017/18 2017/18 2017/18 www.krestonreeves.com www.krestonreeves.com INCOME TAX Rates Basic rate of 20% on income up to: UK (excl. Scotland) 33,500 32,000 Scotland 31,500 * 32,000

More information

*Reduced by 1 for every 2 of income over 28,000 ( 27,700 for 16/17), until minimum reached.

*Reduced by 1 for every 2 of income over 28,000 ( 27,700 for 16/17), until minimum reached. 2017/18 TAX TABLES INCOME TAX Rates Basic rate of 20% on income up to: UK (excl. Scotland) 33,500 32,000 Scotland 31,500 * 32,000 Higher rate of 40% on income over: UK (excl. Scotland) 33,500 32,000 Scotland

More information

Tax Tables 2017/18 INCOME TAX Rates 16/17 17/18

Tax Tables 2017/18 INCOME TAX Rates 16/17 17/18 Tax Tables 2017/18 INCOME TAX Rates Basic rate of 20% on income up to : UK (excl. Scotland) 32,000 33,500 Scotland 32,000 31,500* Higher rate of 40% on income over: UK (excl. Scotland) 32,000 33,500 Scotland

More information

2017/18 TAX TABLES. Company name Tel: Fax: Website:

2017/18 TAX TABLES. Company name Tel: Fax: Website: 2017/18 TAX TABLES Company name Tel: 01234 567 890 Fax: 01234 567 890 Email: info@yourlogohere.com Website: www.yourlogohere.com INCOME TAX 16/17 15/16 Starting rate of 0% on savings income up to* 5,000

More information

Tax Tables 2015/16. July Update. INCOME TAX Rates 14/15 15/16 Starting rate on savings income up to*

Tax Tables 2015/16. July Update. INCOME TAX Rates 14/15 15/16 Starting rate on savings income up to* Tax Tables 2015/16 July Update INCOME TAX Rates 14/15 15/16 Starting rate on savings income up to* 10 2,880 0 5,000 Basic rate of 20 on income up to 31,865 31,785 Maximum tax at basic rate 6,373 6,357

More information

SAMPLE. *Reduced by 1 for every 2 of income over 27,700, until basic reached.

SAMPLE. *Reduced by 1 for every 2 of income over 27,700, until basic reached. 2017/18 TAX TABLES INCOME TAX Rates Starting rate of 0% on savings income up to* 5,000 5,000 Savings allowance at 0% tax: Basic rate taxpayers 1,000 N/A Higher rate taxpayers 500 N/A Additional rate taxpayers

More information

*Reduced by 1 for every 2 of income over 28,900 ( 28,000 for 17/18), until minimum reached.

*Reduced by 1 for every 2 of income over 28,900 ( 28,000 for 17/18), until minimum reached. 2018/19 Tax card INCOME TAX Basic rate of 20% on income up to: UK excl. Scotland 34,500 33,500 Scotland* TBA 31,500 Higher rate of 40% on income over: UK excl. Scotland 34,500 33,500 Scotland* TBA 31,500

More information

Tax Rates 2019/20 BRI060 Tax Rates Card 172x91_2019.indd 1 20/02/ :27

Tax Rates 2019/20 BRI060 Tax Rates Card 172x91_2019.indd 1 20/02/ :27 Tax Rates 2019/20 INCOME TAX UK excluding Scottish taxpayers non-dividend, 19/20 18/19 non-savings income 20% basic rate on taxable income up to 37,500 34,500 40% higher rate on taxable income over 37,500

More information

*Not available if taxable non-savings income exceeds the starting rate band.

*Not available if taxable non-savings income exceeds the starting rate band. INCOME TAX 16/17 15/16 Starting rate of 0% on savings income up to* 5,000 5,000 Savings allowance at 0% tax Basic rate taxpayers 1,000 N/A Higher rate taxpayers 500 N/A Additional rate taxpayers 0 N/A

More information

Tax Facts BRINGING TAX INTO FOCUS RATES AND ALLOWANCES GUIDE 2018 /

Tax Facts BRINGING TAX INTO FOCUS RATES AND ALLOWANCES GUIDE 2018 / Tax Facts RATES AND ALLOWANCES GUIDE 2018 / 2019 BRINGING TAX INTO FOCUS www.hazlewoods.co.uk CONTENTS PERSONAL TAX Page Income tax rates and allowances 1 Timetable for self-assessment 3 Pensions 3 Capital

More information

INCOME TAX RATES OF TAX 2016/ /2018

INCOME TAX RATES OF TAX 2016/ /2018 INCOME TAX RATES OF TAX 2016/2017 2017/2018 Starting rate for savings* 0% 0% Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting-rate limit 5,000* 5,000* Threshold of taxable income

More information

2017/18 TAX TABLES. savings. champion.co.uk

2017/18 TAX TABLES. savings. champion.co.uk 0/ TAX TABLES savings champion.co.uk INCOME TAX Rates / / Basic rate of 0% on income up to: UK (excl. Scotland),00,000 Scotland,00 *,000 Higher rate of 0% on income over: UK (excl. Scotland),00,000 Scotland,00

More information

TAX DATA 2017/18. London: t. +44 (0) e. Guildford: t. +44 (0) e.

TAX DATA 2017/18. London: t. +44 (0) e. Guildford: t. +44 (0) e. TAX DATA 0/ London: t. + (0)0 0 e. london@alliotts.com Guildford: t. + (0) e. guildford@alliotts.com www.alliotts.com Represented through Alliott Group, a Worldwide Alliance of Independent Accounting,

More information

Tax Tables March 2018

Tax Tables March 2018 Spring 2018 Tax Tables March 2018 Tax Tables 2018/19 INCOME TAX UK excluding Scottish taxpayers non-savings income 20% basic rate on income up to: 33,500 34,500 40% higher rate on income over: 33,500 34,500

More information

*Reduced by 1 for every 2 of income over 28,900 ( 28,000 for 17/18), until minimum reached.

*Reduced by 1 for every 2 of income over 28,900 ( 28,000 for 17/18), until minimum reached. 0/ Tax Tables INCOME TAX Basic rate of 0% on income up to: / / UK excl. Scotland,00,00 Scotland* TBA,00 Higher rate of 0% on income over: UK excl. Scotland,00,00 Scotland* TBA,00 Additional rate of % on

More information

2019/2020 Tax Tables

2019/2020 Tax Tables 2019/2020 Tax Tables 03333 219 000 advice@bishopfleming.co.uk www.bishopfleming.co.uk INCOME TAX 19/20 18/19 UK excluding Scottish taxpayers non-savings income 20% basic rate on taxable income up to 37,500

More information

INCOME TAX. Child benefit charge: 1% of benefit for every 100 of income over 50,000 50,000

INCOME TAX. Child benefit charge: 1% of benefit for every 100 of income over 50,000 50,000 INCOME TAX RATES OF TAX 2017/2018 2018/2019 Starting rate for savings* 0% 0% Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45% Starting-rate limit 5,000* 5,000* Threshold of taxable income

More information

INCOME TAX REGISTERED PENSIONS

INCOME TAX REGISTERED PENSIONS 2019/20 Tax Tables INCOME TAX UK excluding Scottish taxpayers non-savings income 19/20 18/19 20% basic rate on taxable income up to 37,500 34,500 40% higher rate on taxable income over 37,500 34,500 45%

More information

INCOME TAX REGISTERED PENSIONS

INCOME TAX REGISTERED PENSIONS 2019/20 Tax card INCOME TAX UK excluding Scottish taxpayers non-savings income 19/20 18/19 20% basic rate on taxable income up to 37,500 34,500 40% higher rate on taxable income over 37,500 34,500 45%

More information

Tax card 2015/16.

Tax card 2015/16. Tax card 2015/16 www.krestonreeves.com INCOME TAX Rates 15/16 14/15 Starting rate 0% 10% on savings income up to* 5,000 2,880 Basic rate of 20% on income up to 31,785 31,865 Maximum tax at basic rate 6,357

More information

* Not available if taxable non-savings income exceeds the starting rate band

* Not available if taxable non-savings income exceeds the starting rate band TAX TABLES 2019/20 Income Tax Rates Starting Rate of 0% on savings income tax up to* 5,000 5,000 Savings allowance at 0% tax: Basic Rate taxpayers 1,000 1,000 Higher Rate taxpayers 500 500 Additional Rate

More information

INCOME TAX RATES OF TAX 2016/2017

INCOME TAX RATES OF TAX 2016/2017 INCOME TAX RATES OF TAX Starting rate for savings* 0% Basic rate 20% Higher rate 40% Additional rate 45% Starting rate limit 5,000* Threshold of taxable income above which higher rate applies 32,000 Threshold

More information

Tax card 2018/19 Abe d r ee n Edi u b n rg h Elgi n e P te h r e d a

Tax card 2018/19 Abe d r ee n Edi u b n rg h Elgi n e P te h r e d a Tax card 2018/19 Aberdeen Edinburgh Elgin Peterhead INCOME TAX 18/19 17/18 Basic rate of 20% on income up to: UK excl. Scotland 34,500 33,500 Scotland* TBA 31,500 Higher rate of 40% on income over: UK

More information

INCOME TAX 18/19 17/18

INCOME TAX 18/19 17/18 3 West Craibstone Street Bon-Accord Square Aberdeen AB11 6YW Scotland Tel 01224 581288 Fax 01224 583948 Rutland Exchange DX AB104 E-mail info@williamsonanddunn.co.uk Website www.williamsonanddunn.com Regulated

More information

PIA. W e a l t h M a n a g e m e n t. Tax Tables 2012/13

PIA. W e a l t h M a n a g e m e n t. Tax Tables 2012/13 PIA W e a l t h M a n a g e m e n t Tax Tables 2012/13 PIA Wealth Management Ltd Hayward Court 2b Tettenhall Road Wolverhampton WV1 4SF Tel: 01902 379900 Fax: 01902 379901 Email: office@piawm.net INCOME

More information

Morrell Middleton 3 Cayley Court George Cayley Drive Clifton Moor York YO30 4WH

Morrell Middleton 3 Cayley Court George Cayley Drive Clifton Moor York YO30 4WH Tax Cards 2019/20 Morrell Middleton 3 Cayley Court George Cayley Drive Clifton Moor York YO30 4WH 01904 691 141 post@morrell-middleton.co.uk www.morrell-middleton.co.uk TAXABLE INCOME BANDS AND TAX RATES

More information

Tax Rates 2018/19 Autumn Budget

Tax Rates 2018/19 Autumn Budget Tax Rates 2018/19 Autumn Budget Income Tax Allowances 2018/19 2017/18 Personal Allowance (PA)* 11,850 11,500 Blind Person's Allowance 2,390 2,320 Rent a Room Relief ** 7,500 7,500 Trading Income ** 1,000

More information

REGISTERED PENSIONS INCOME TAX

REGISTERED PENSIONS INCOME TAX TAX TABLES 2018-19 INCOME TAX UK excluding Scottish taxpayers non-savings income 18/19 17/18 20% basic rate on income up to 34,500 33,500 40% higher rate on income over 34,500 33,500 45% additional rate

More information

SPRING BUDGET. Richardsons 30 Upper High Street Thame OX9 3EZ

SPRING BUDGET. Richardsons 30 Upper High Street Thame OX9 3EZ SPRING BUDGET ET G 2017 Richardsons 30 Upper High Street Thame OX9 3EZ 01844 261155 mail@richardsons-group.co.uk www.richardsons-group.co.uk TAXABLE INCOME BANDS AND TAX RATES Starting rate of 0% on savings

More information

W i t h C o m p l i m e n t s. Hurn Accountants 54 Norcot Road Tilehurst Reading RG30 6BU (0118)

W i t h C o m p l i m e n t s. Hurn Accountants 54 Norcot Road Tilehurst Reading RG30 6BU (0118) W i t h C o m p l i m e n t s Hurn Accountants 54 Norcot Road Tilehurst Reading RG30 6BU (0118) 909 9616 www.hurntax.co.uk Tax Rates 2018/19 Income Tax Allowances 2018/19 2017/18 Personal Allowance (PA)*

More information

Tax Tables 2018/19. INCOME TAX UK excluding Scottish taxpayers non-savings income 17/18 18/19

Tax Tables 2018/19. INCOME TAX UK excluding Scottish taxpayers non-savings income 17/18 18/19 Tax Tables 2018 / 2019 Tax Tables 2018/19 INCOME TAX UK excluding Scottish taxpayers non-savings income 20% basic rate on income up to: 33,500 34,500 40% higher rate on income over: 33,500 34,500 45% additional

More information

*Not available if taxable non-savings income exceeds the starting rate band.

*Not available if taxable non-savings income exceeds the starting rate band. 2012/13 Tax Tables INCOME TAX Rates 12/13 11/12 Starting rate of 10% on savings income up to* 2,710 2,560 Basic rate of 20% on income up to 34,370 35,000 Higher rate of 40% on income 34,371 35,001 150,000

More information

TAX CARD 2018/19. WMT LLP 45 Grosvenor Road, St Albans, Hertfordshire AL1 3AW

TAX CARD 2018/19. WMT LLP 45 Grosvenor Road, St Albans, Hertfordshire AL1 3AW TAX CARD 2018/19 WMT LLP 45 Grosvenor Road, St Albans, Hertfordshire AL1 3AW 01727 838 255 info@wmtllp.com www.wmtllp.com TAXABLE INCOME BANDS AND TAX RATES Starting rate* of 0% on savings up to 5,000

More information

Income Tax 2. Pensions 4. Annual investment limits 5. National Insurance Contributions 6. Vehicle Benefits 7. Tax-free mileage allowances 8

Income Tax 2. Pensions 4. Annual investment limits 5. National Insurance Contributions 6. Vehicle Benefits 7. Tax-free mileage allowances 8 ! Tax Rates 2019/20 Welcome to the 2019-20 Tax Rates Income Tax 2 Pensions 4 Annual investment limits 5 National Insurance Contributions 6 Vehicle Benefits 7 Tax-free mileage allowances 8 Capital Gains

More information

Price Bailey. Tax card At Price Bailey - It s all about you The right advice for life. pricebailey.co.uk

Price Bailey. Tax card At Price Bailey - It s all about you The right advice for life. pricebailey.co.uk Price Bailey Tax card 2018-19 At Price Bailey - It s all about you The right advice for life pricebailey.co.uk INCOME TAX Rates 18/19 17/18 Basic rate 20% on income up to UK excl. Scotland 34,500 33,500

More information

h e d l e y d u n k c h a r t e r e d a c c o u n t a n t s RATES TAX

h e d l e y d u n k c h a r t e r e d a c c o u n t a n t s RATES TAX h e d l e y d u n k c h a r t e r e d a c c o u n t a n t s TAX RATES 2019 2020 Income Tax Allowances 2019/20 2018/19 Personal Allowance (PA)* 12,500 11,850 Marriage Allowance 1,250 1,190 Blind Person

More information

Tax Tables 2018/19. Retirement Planning Life Assurance Investments & Savings Inheritance Tax Planning

Tax Tables 2018/19. Retirement Planning Life Assurance Investments & Savings Inheritance Tax Planning Tax Tables 2018/19 Retirement Planning Life Assurance Investments & Savings Inheritance Tax Planning INCOME TAX UK excluding Scottish taxpayers non-savings income 18/19 17/18 20% basic rate on income up

More information

INCOME TAX RATES OF TAX 2013/2014

INCOME TAX RATES OF TAX 2013/2014 INCOME TAX RATES OF TAX Starting rate for savings* 10% Basic rate 20% Higher rate 40% Additional rate 45% Starting-rate limit 2,790* Threshold of taxable income above which higher rate applies 32,010 Threshold

More information

1, *For 2015/16 the higher personal allowance is reduced by 1 for each 2 of income above 27,700 until 10,600 is reached.

1, *For 2015/16 the higher personal allowance is reduced by 1 for each 2 of income above 27,700 until 10,600 is reached. Tax Card 2016/17 TAXABLE INCOME BANDS AND TAX RATES Starting rate limit for savings 5,000* 5,000* Starting rate for savings 0% 0% Basic rate band 32,000 31,785 Basic rate 20% 20% Dividend ordinary rate

More information

Tax Tables ID R_Tax_Tables_2018&19_Final.indd 1 21/02/ :04

Tax Tables ID R_Tax_Tables_2018&19_Final.indd 1 21/02/ :04 Tax Tables INCOME TAX UK excluding Scottish taxpayers non-savings income 18/19 17/18 20% basic rate on income up to 34,500 33,500 40% higher rate on income over 34,500 33,500 45% additional rate on income

More information

Income Tax 2. Pensions 4. Annual investment limits 5. National Insurance Contributions 6. Vehicle Benefits 7. Tax-free mileage allowances 8

Income Tax 2. Pensions 4. Annual investment limits 5. National Insurance Contributions 6. Vehicle Benefits 7. Tax-free mileage allowances 8 ! Tax Cards Welcome to the 2016-17 Tax Rates Income Tax 2 Pensions 4 Annual investment limits 5 National Insurance Contributions 6 Vehicle Benefits 7 Tax-free mileage allowances 8 Capital Gains Tax 9 Corporation

More information

TAX FACTS. Autumn Budget Queen Street Place London EC4R 1AG Tel:

TAX FACTS. Autumn Budget Queen Street Place London EC4R 1AG Tel: TAX FACTS Autumn Budget 2017 10 Queen Street Place London EC4R 1AG Tel: 020 7969 5500 www.haysmacintyre.com Income Tax Allowances 2018/19 2017/18 Personal allowance 11,850 11,500 Income limit 100,000 100,000

More information

Allowances 2019/ /19

Allowances 2019/ /19 TAX RATES 20 1 9-2 0 Income Tax Allowances 2019/20 2018/19 Personal Allowance (PA)* 12,500 11,850 Marriage Allowance 1,250 1,190 Blind Person s Allowance 2,450 2,390 Rent a room relief** 7,500 7,500 Trading

More information

CHARTERED ACCOUNTANTS AND CHARTERED TAX ADVISERS. Tax Facts. Autumn Budget 2018

CHARTERED ACCOUNTANTS AND CHARTERED TAX ADVISERS. Tax Facts. Autumn Budget 2018 CHARTERED ACCOUNTANTS AND CHARTERED TAX ADVISERS Tax Facts Autumn Budget 2018 Audit / Tax / Advisory / Risk Smart decisions. Lasting value. Income tax and allowances 0% starting rate 1 5,000 1 5,000 A

More information

Allowances 2019/ /19

Allowances 2019/ /19 TAX RATES 2019-20 Income Tax Allowances 2019/20 2018/19 Personal Allowance (PA)* 12,500 11,850 Marriage Allowance 1,250 1,190 Blind Person s Allowance 2,450 2,390 Rent a room relief** 7,500 7,500 Trading

More information

M E R C E R S. Solicitors. 2013/14 Tax Tables

M E R C E R S. Solicitors. 2013/14 Tax Tables M E R C E R S Solicitors 2013/14 Tax Tables INCOME TAX Rates 13/14 12/13 Starting rate of 10% on savings income up to* 2,790 2,710 Basic rate of 20% on income up to 32,010 34,370 Maximum tax at basic rate

More information

Allowances 2018/ /18

Allowances 2018/ /18 TAX RATES 2018-19 Income Tax Allowances 2018/19 2017/18 Personal Allowance (PA)* 11,850 11,500 Marriage Allowance 1,190 1,150 Blind Person s Allowance 2,390 2,320 Rent a room relief** 7,500 7,500 Trading

More information

UK Tax Tables 2018/2019

UK Tax Tables 2018/2019 UK Tax Tables 2018/2019 Contents II Income tax Income tax rates Scotland Pensions Income tax rates Personal allowances a 11,850 Married couple s allowance bc (available where one partner is born before

More information

tax rates T A X R A T E S

tax rates T A X R A T E S tax rates 2016-17 T A X R A T E S 2 0 1 5-2 0 1 6 Income Tax Allowances 2016/17 2015/16 Personal Allowance (PA)* 11,000 10,600 Blind Person s Allowance 2,290 2,290 Dividend Tax Allowance (DTA) 5,000 N/A

More information

TAX RATES AND ALLOWANCES CONTENTS

TAX RATES AND ALLOWANCES CONTENTS TAX RATES AND ALLOWANCES 2011-2012 CONTENTS INCOME TAX RATES 2 INCOME TAX ALLOWANCES 2 PENSIONS 3 PERSONAL INVESTMENT INCENTIVES 3 BASIC STATE PENSION 3 NATIONAL INSURANCE CONTRIBUTIONS 4 CAR BENEFIT FOR

More information

NG Accounting - Tax Facts 2018/19

NG Accounting - Tax Facts 2018/19 E enquiries@ngaccounting.co.uk Tax Facts 2018/19 NG Accounting - Tax Facts 2018/19 T 0115 981 0000 E enquiries@ngaccounting.co.uk W www.ngaccounting.co.uk 1 T 0115 981 0000 CORPORATION TAX 2018/19 2017/18

More information

David Shepherd & Co 68 High Street Barry CF62 7DU TAX RATES

David Shepherd & Co 68 High Street Barry CF62 7DU TAX RATES TAX RATES 2015-16 Income Tax Main allowances 2015/16 2014/15 Personal Allowance (PA) 10,600 10,000 Personal Allowance (born 6.4.38-5.4.48) 10,600 10,500* Personal Allowance (born before 6.4.38) 10,660

More information

*Not available if taxable non-savings income exceeds the starting rate limit.

*Not available if taxable non-savings income exceeds the starting rate limit. Tax Facts 2017/18 Income Tax rates 2017/18 2016/17 Savings allowance tax rate of 0% on savings income: Basic rate taxpayers 1,000 1,000 Higher rate taxpayers 500 500 Additional rate taxpayers 0 0 Starting

More information

THE CHARTERED INSURANCE INSTITUTE. Advanced Diploma in Financial Planning SPECIAL NOTICES

THE CHARTERED INSURANCE INSTITUTE. Advanced Diploma in Financial Planning SPECIAL NOTICES THE CHARTERED INSURANCE INSTITUTE AF5 Advanced Diploma in Financial Planning Unit AF5 Financial planning process October 2017 examination SPECIAL NOTICES All questions in this paper are based on English

More information

Allowances 2018/ /18

Allowances 2018/ /18 2018-19 TAX RATES Income Tax Allowances 2018/19 2017/18 Personal Allowance (PA)* 11,850 11,500 Marriage Allowance 1,190 1,150 Blind Person s Allowance 2,390 2,320 Rent a room relief** 7,500 7,500 Trading

More information

TAX DATA 2018/ BUDGET EDITION 22 NOVEMBER CHANCERY LANE LONDON WC2A 1 LS

TAX DATA 2018/ BUDGET EDITION 22 NOVEMBER CHANCERY LANE LONDON WC2A 1 LS TAX DATA 2018/2019 BUDGET EDITION 22 NOVEMBER 2017 22 CHANCERY LANE LONDON WC2A 1 LS TELEPHONE 020 7 680 8100 E-MAIL dw@dixonwilson.co.uk 19 AVENUE DE L OPERA 75001 PARIS TELEPHONE + 33 1 47 03 12 9 0

More information

INCOME TAX. Starting rate of 0% on savings income up to* 5,000 Personal Savings Allowance Basic rate 1,000 Higher rate 500

INCOME TAX. Starting rate of 0% on savings income up to* 5,000 Personal Savings Allowance Basic rate 1,000 Higher rate 500 INCOME TAX RATES OF TAX Starting rate of 0% on savings income up to* 5,000 Personal Savings Allowance Basic rate 1,000 Higher rate 500 Basic rate of 20% 0 to 33,500 Higher rate of 40% 33,501 to 150,000

More information

TAX RATES 2017/18 POCKET GUIDE

TAX RATES 2017/18 POCKET GUIDE TAX RATES 2017/18 POCKET GUIDE Income tax allowances and rates, ISAs, tax reliefs, child benefit, pensions and key dates 1-7 National insurance contributions rates 7-9 Capital allowances, corporation tax

More information

TAXABLE INCOME BANDS AND TAX RATES

TAXABLE INCOME BANDS AND TAX RATES TAX CARD 2016/2017 Donachie Chartered Accountants Suite 23 Templeton Business Centre 62 Templeton Street Glasgow G40 1DA 0141 237 6869 info@donachieca.com donachieca.com TAXABLE INCOME BANDS AND TAX RATES

More information

Tax Facts 2017/18. London +44 (0) Cambridge +44 (0)

Tax Facts 2017/18. London +44 (0) Cambridge +44 (0) Tax Facts 2017/18 London +44 (0)20 8922 9222 Cambridge +44 (0)1763 209 113 www.bkl.co.uk Income Tax 2017-18 2016-17 Basic rate band income up to 33,500 32,000 Starting rate for savings income *0% *0% Basic

More information

TAX FREE MILEAGE ALLOWANCES

TAX FREE MILEAGE ALLOWANCES TAX CARD 2015/16 TAX FREE MILEAGE ALLOWANCES Cars and vans Motorcycles Bicycles First 10,000 business miles Thereafter 24p 20p 45p 25p Business passenger Note: For NI purposes: 45p for all business miles.

More information

*Not available if taxable non-savings income exceeds the starting rate limit. 1% of benefit per 100 of income from 50,000 to 60,000

*Not available if taxable non-savings income exceeds the starting rate limit. 1% of benefit per 100 of income from 50,000 to 60,000 Tax Facts 2018/19 Income Tax rates (excluding Scotland) 2018/19 2017/18 Savings allowance tax rate of 0% on savings income: Basic rate taxpayers 1,000 1,000 Higher rate taxpayers 500 500 Additional rate

More information

TAX FACTS 2017/2018. Tax is complicated, so you need the facts

TAX FACTS 2017/2018. Tax is complicated, so you need the facts TAX FACTS 2017/2018 Tax is complicated, so you need the facts INCOME TAX RATES 2016/17 Band 2017/18 Band* Basic rate: 20% 0 32,000 Basic rate: 20% 0 33,500 Higher rate: 40% Additional rate: 45% 32,001

More information

Main Income Tax Allowances and Reliefs Tax Tables 2013/14 2

Main Income Tax Allowances and Reliefs Tax Tables 2013/14 2 Tax Tables 2013/14 Main Income Tax Allowances and Reliefs Tax Tables 2013/14 2 2012/13 ( ) 2013/14 ( ) Personal allowance standard 8,105 9,440 Born between 6 April 1938 and 5 April 1948 10,500 10,500 Born

More information

THE CHARTERED INSURANCE INSTITUTE. Diploma in Regulated Financial Planning SPECIAL NOTICES

THE CHARTERED INSURANCE INSTITUTE. Diploma in Regulated Financial Planning SPECIAL NOTICES THE CHARTERED INSURANCE INSTITUTE R06 Diploma in Regulated Financial Planning Unit 6 Financial planning practice October 2017 examination SPECIAL NOTICES All questions in this paper are based on English

More information

Tax Rates 2018/19 Pocket Guide

Tax Rates 2018/19 Pocket Guide Tax Rates 2018/19 Pocket Guide Income tax allowances and rates, ISAs, tax reliefs, child benefit, pensions and key dates 1-7 National insurance contributions rates 7-8 Capital allowances, corporation tax

More information

FOR ELECTRONIC USE ONLY

FOR ELECTRONIC USE ONLY Tax Data 2018/19 Harwood House 43 Harwood Road London SW6 4QP Tel: 020 7731 6163 Fax: 020 7731 8304 warrenerstewart.com Warrener Stewart Limited No 07513468 Income Tax Income tax rates (other than dividend

More information

INCOME TAX. Starting rate of 0% on savings income up to* 5,000 Personal Savings Allowance Basic rate 1,000 Higher rate 500

INCOME TAX. Starting rate of 0% on savings income up to* 5,000 Personal Savings Allowance Basic rate 1,000 Higher rate 500 INCOME TAX RATES OF TAX Starting rate of 0% on savings income up to* 5,000 Personal Savings Allowance Basic rate 1,000 Higher rate 500 Basic rate of 20% 0 to 34,500 Higher rate of 40% 34,501 to 150,000

More information

THE CHARTERED INSURANCE INSTITUTE SPECIAL NOTICES

THE CHARTERED INSURANCE INSTITUTE SPECIAL NOTICES THE CHARTERED INSURANCE INSTITUTE J03 Diploma in Financial Planning Unit J03 The tax and legal aspects of business April 2017 examination SPECIAL NOTICES All questions in this paper are based on English

More information

TAX TABLES 2009/10. Savings income starting rate band (1) 1 2, ,320 Basic rate band 1 37, ,800 Standard rate band for trusts 1,000 1,000

TAX TABLES 2009/10. Savings income starting rate band (1) 1 2, ,320 Basic rate band 1 37, ,800 Standard rate band for trusts 1,000 1,000 TAX TABLES 2009/10 Income Tax rates % % Starting rate for savings and dividend income (1) (2) (3) 10 10 Basic rate (2) 20 20 Higher rate (2) 40 40 Trust rate 40 40 Savings income starting rate band (1)

More information

A guide to Budget Tax Rates & Allowances

A guide to Budget Tax Rates & Allowances CLEAR ACCOUNTANCY SERVICES Tel: 01952 288378 Email: info@clearaccountancy.co.uk Website: www.clearaccountancy.co.uk A guide to Budget 2015 - Tax Rates & Allowances 2014/15 2015/16 Income tax rates - (non-dividend

More information

TAXFAX 2018/19. Private clients. Corporate and business. Property. Employment

TAXFAX 2018/19. Private clients. Corporate and business. Property. Employment TAXFAX 2018/19 TAXFAX 2018/19 Private clients Allowances and reliefs 2 Individuals - Income Tax rates and bands 3 Trusts - Income Tax rates 4 Pension contribution reliefs 4 Capital Gains Tax ( CGT ) 5

More information

Tax Tables 2018/19. The Penny Group Limited. 7 Birchin Lane London EC3V 9BW Church Road Tunbridge Wells TN1 1JP

Tax Tables 2018/19. The Penny Group Limited. 7 Birchin Lane London EC3V 9BW Church Road Tunbridge Wells TN1 1JP The Penny Group Limited 7 Birchin Lane London EC3V 9BW 0207 061 2345 18 Church Road Tunbridge Wells TN1 1JP 01892 615 615 info@thepennygroup.co.uk www.thepennygroup.co.uk Tax Tables 2018/19 For information

More information

Diploma in Regulated Financial Planning SPECIAL NOTICES

Diploma in Regulated Financial Planning SPECIAL NOTICES R06 Diploma in Regulated Financial Planning Unit 6 Financial planning practice April 2018 examination SPECIAL NOTICES All questions in this paper are based on English law and practice applicable in the

More information

Tax Rates Budget Edition: March 2017

Tax Rates Budget Edition: March 2017 Tax Rates 2017-2018 Budget Edition: March 2017 Acre House 11-15 William Road London NW1 3ER T 020 7388 7000 E Acre House 3-5 Hyde Road Watford WD17 4WP T 01923 698 340 @HWFisherUK Income Tax 2017-18 2016-17

More information

INCOME TAX RATES 2018/ /18. Band Rate % Band Rate %

INCOME TAX RATES 2018/ /18. Band Rate % Band Rate % INCOME TAX RATES Income tax rates (other than savings and dividend income) 218/19 217/18 Band Rate % Band Rate % - 34, 2-33, 2 34,1-1, 4 33,1-1, 4 Over 1, 4 Over 1, 4 Scotland income tax rates (savings

More information

Capital Gains Tax Selected Rates Inheritance Tax Tax Data Key Dates & Deadlines Capital Allowances

Capital Gains Tax Selected Rates Inheritance Tax Tax Data Key Dates & Deadlines Capital Allowances Tax Data 2013/14 Harwood House 43 Harwood Road London SW6 4QP Tel: 020 7731 6163 Fax: 020 7731 8304 warrenerstewart.com Warrener Stewart Limited No 07513468 Income Tax 2013-14 2012-13 Basic rate band income

More information

Advanced Diploma in Financial Planning SPECIAL NOTICES

Advanced Diploma in Financial Planning SPECIAL NOTICES AF5 Advanced Diploma in Financial Planning Unit AF5 Financial planning process October 2018 examination SPECIAL NOTICES All questions in this paper are based on English law and practice applicable in the

More information

TAX FACTS BUDGET 2015

TAX FACTS BUDGET 2015 TAX FACTS BUDGET 2015 Key facts and figures at your fingertips for Stay up to date with regular tax updates by following our Let s Talk Tax Blog http://blogs.mazars.com/letstalktax/ CONTENTS Personal Tax

More information

Budget 2013 Tax Rates and Allowances

Budget 2013 Tax Rates and Allowances A guide to Budget 2013 Tax Rates and Allowances A SIMPLE GUIDE TO THE TAX RATES AND ALLOWANCES ANNOUNCED IN THE BUDGET 2013 This is a basic guide, prepared by ACCA s Technical Advisory team, for members

More information

TAX RATES. for 2015/2016 & ALLOWANCES. simplifying the everyday. for freelancers & contractors

TAX RATES. for 2015/2016 & ALLOWANCES. simplifying the everyday. for freelancers & contractors TAX RATES & ALLOWANCES for 2015/2016 for freelancers & contractors simplifying the everyday. Taxes rates & allowances guide Contents Corporation tax 4 Value Added Tax 4 Capital allowances 5 Patent Box

More information

TAXFAX 2009/

TAXFAX 2009/ TAXFAX 2009/2010 www.blickrothenberg.com Table of contents Allowances and Reliefs 2 Individuals - Income Tax Rates 2 National Insurance Contributions 3 Capital Gains Tax 4 Inheritance Tax 5 Trusts - Income

More information

TAX FACTS 2018/2019. Tax is complicated, so you need the facts

TAX FACTS 2018/2019. Tax is complicated, so you need the facts TAX FACTS 2018/2019 Tax is complicated, so you need the facts INCOME TAX RATES Non-savings, non-dividend income England, Wales, NI 2017/18 Band 2018/19 Band Basic rate: 20% 0 33,500 Basic rate: 20% 0 34,500

More information

Diploma in Regulated Financial Planning SPECIAL NOTICES

Diploma in Regulated Financial Planning SPECIAL NOTICES R06 Diploma in Regulated Financial Planning Unit 6 Financial planning practice October 2018 examination SPECIAL NOTICES All questions in this paper are based on English law and practice applicable in the

More information

w w w. b e e v e r s t r u t h e r s. c o. u k

w w w. b e e v e r s t r u t h e r s. c o. u k w w w. b e e v e r s t r u t h e r s. c o. u k TAX RATES 2014 2015 Income Tax Main reliefs 2014/15 2013/14 Allowed at top rate of tax Personal Allowance (PA) 10,000 9,440 Personal Allowance (born 6.4.38-5.4.48)*

More information

Advanced Diploma in Financial Planning SPECIAL NOTICES

Advanced Diploma in Financial Planning SPECIAL NOTICES AF2 Advanced Diploma in Financial Planning Unit AF2 Business financial planning April 2018 examination SPECIAL NOTICES All questions in this paper are based on English law and practice applicable in the

More information

Capital Gains Tax Selected Rates Inheritance Tax Tax Data Key Dates & Deadlines Capital Allowances

Capital Gains Tax Selected Rates Inheritance Tax Tax Data Key Dates & Deadlines Capital Allowances Tax Data 2014/15 Harwood House 43 Harwood Road London SW6 4QP Tel: 020 7731 6163 Fax: 020 7731 8304 warrenerstewart.com Warrener Stewart Limited No 07513468 Income Tax Pensions 2014-15 2013-14 Basic rate

More information

Tax Tables. For the 2018/2019 Tax Year

Tax Tables. For the 2018/2019 Tax Year Tax Tables For the 2018/2019 Tax Year 2 Tax Tables for the 2018/2019 Tax Year IMPORTANT NOTE This document is provided for general information only. It does not take into account your personal circumstances

More information

TAXFAX 2019/20. Private clients. Corporate and business. Property. Employment

TAXFAX 2019/20. Private clients. Corporate and business. Property. Employment TAXFAX 2019/20 TAXFAX 2019/20 Private clients Allowances and reliefs 2 Individuals - Income Tax rates and bands 3 Trusts - Income Tax rates 4 Pension contribution reliefs 4 Capital Gains Tax ( CGT ) 5

More information

THE CHARTERED INSURANCE INSTITUTE SPECIAL NOTICES

THE CHARTERED INSURANCE INSTITUTE SPECIAL NOTICES THE CHARTERED INSURANCE INSTITUTE J05 Diploma in Financial Planning Unit J05 Pension income options October 2016 examination SPECIAL NOTICES All questions in this paper are based on English law and practice

More information

THE CHARTERED INSURANCE INSTITUTE. Diploma in Regulated Financial Planning SPECIAL NOTICES

THE CHARTERED INSURANCE INSTITUTE. Diploma in Regulated Financial Planning SPECIAL NOTICES THE CHARTERED INSURANCE INSTITUTE R06 Diploma in Regulated Financial Planning Unit 6 Financial planning practice April 2016 examination SPECIAL NOTICES All questions in this paper are based on English

More information

Diploma in Financial Planning SPECIAL NOTICES. It should be assumed that all individuals are domiciled and resident in the UK unless otherwise stated.

Diploma in Financial Planning SPECIAL NOTICES. It should be assumed that all individuals are domiciled and resident in the UK unless otherwise stated. J02 Diploma in Financial Planning Unit J02 Trusts April 2018 examination SPECIAL NOTICES All questions in this paper are based on English law and practice applicable in the tax year 2017/2018, unless stated

More information

Tax Facts 2015/16 MS Tax Fact Booklet 2014/15 PRINT.indd All Pages 26/02/ :38

Tax Facts 2015/16 MS Tax Fact Booklet 2014/15 PRINT.indd All Pages 26/02/ :38 Tax Facts 2015/16 CONTENTS 1 2 Personal Taxation 4 Employee Taxation 6 Investment Reliefs 8 Capital Gains Tax (CGT) 9 Trusts 10 Tax Credits, Universal Credit and Child Benefit 11 National Insurance Contributions

More information

0% starting rate on savings income up to* 5,000 5,000. Basic rate 20% 20%

0% starting rate on savings income up to* 5,000 5,000. Basic rate 20% 20% Tax Tables 2017/18 2018/19 INCOME TAX RATES 0% starting rate on savings income up to* 5,000 5,000 Basic rate 20% 20% England, Wales & Northern Ireland higher rate of 40% on taxable income over (Scottish

More information

THE CHARTERED INSURANCE INSTITUTE SPECIAL NOTICES

THE CHARTERED INSURANCE INSTITUTE SPECIAL NOTICES THE CHARTERED INSURANCE INSTITUTE J05 Diploma in Financial Planning Unit J05 Pension income options April 2017 examination SPECIAL NOTICES All questions in this paper are based on English law and practice

More information

THE CHARTERED INSURANCE INSTITUTE. Advanced Diploma in Financial Planning SPECIAL NOTICES

THE CHARTERED INSURANCE INSTITUTE. Advanced Diploma in Financial Planning SPECIAL NOTICES THE CHARTERED INSURANCE INSTITUTE AF3 Advanced Diploma in Financial Planning Unit AF3 Pension planning October 2017 examination SPECIAL NOTICES All questions in this paper are based on English law and

More information