Personal tax rates and allowances are generally set for income tax years running to 5 April. Corporate rates and allowances are set for financial years running to 31 March.
Capital Allowances
Plant and machinery allowances and the allowances available for other assets.
Capital Gains Tax
Capital Gains Tax (CGT) is payable by individuals, trustees and ‘personal representatives’ (PRs).
Child Benefit
Child Benefit is receivable for each child who is under 16, or 19 if in education or training.
Corporation Tax
Corporation tax rates are set for each Financial Year. A Financial Year runs from 1 April.
Income Tax
Estimate your personal income tax liability using the current rates. View the current rates here.
ISA
The income from ISA (Individual Savings Account) is exempt from income tax.
Inheritance Tax
IHT may be payable when an individual’s estate is worth more than the IHT nil rate band when they die.
Minimum Wage
Statutory minimum wage levels.
National Insurance
For Class 1 (employed), Class 2 and 4 (self-employed) and Class 3 (voluntary) national insurance contributions.
Pensions
Details of the amounts of tax relievable pension contributions for individuals and employers.
Stamp Duty
The current percentages of stamp duty and the various UK property/land transaction taxes.
Statutory Pay
Current weekly amounts.
Tax Reliefs
EIS, SEIS, VCTs and SIR.
Value Added Tax
The current VAT percentages and the annual registration and deregistration thresholds.
Vehicles
Calculate the taxable benefit using the relevant tables for employer provided cars, vans and related fuel.
