| Tax
allowances |
|
|
Personal allowance |
6,035 |
|
Over Age 65 – Personal Allowance
|
9,030 |
|
Over Age 65 – Married Allowance
|
6,535 |
|
Capital Gains Threshold @ 18%
|
9,600 |
National Insurance |
|
|
Ees & Ers Weekly -
Earning 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
|
|
|
|
*Large increases are marked in red |
|
|