| |
|
| Personal allowance | 6,035 |
| Over Age 65 – Personal Allowance |
9,030 |
| Over Age 65 – Married Allowance |
6,535 |
| Capital Gains Threshold @ 18% |
9,600 |
|
|
|
| Ees & Ers Weekly - Earnings Threshold |
105 |
| Employees Weekly - Upper Limit - 1% Above |
770 |
| Ees & Ers Annual - Lower Limit |
5,435 |
| Employees Annual - Upper Limit - 1% above |
40,040 |
| Employees Rate |
11.0% |
| Employers Rate |
12.8% |
| Class II - Self Employed @ £2.30 per week |
4,825 |
| Class IV - Self Employed @ 8% above |
5,435 |
|
Tax Rates |
|
| 10% on first |
Abolished |
| 20% on first |
34,600 |
| Higher Rate at 40% on taxable earnings over |
34,600 |
|
Corporation Tax |
|
| Small Companies Rate at 21% up to |
300,000
|
|
Inheritance Tax |
|
| IHT Threshold |
312,000 |
|
VAT Threshold |
|
| Registration turnover limit |
67,000
|