by raza | Jun 7, 2016 | Tax Rates |
Class 1 National Insurance thresholds Employers and employees pay Class 1 NI depending on how much the employee earns. You can view these earnings thresholds by week (table 1.1) or by month (table 1.2). 1.1 Weekly thresholds £ per week 2016 to 2017 2015 to 2016 2014...
by raza | Jun 7, 2016 | Tax Rates |
Capital gains is the least common tax on income, and for many it won’t apply. However, if you sell or give away an asset worth more than £6,000, you could have to pay CGT. It doesn’t apply for main homes, cars or lottery/pools winnings, among other things....
by raza | Jun 7, 2016 | Tax Rates |
You may get a dividend payment if you own shares in a company. From 6 April 2016, you won’t pay tax on the first £5,000 of dividends that you get in the tax year. This is from 6 April to 5 April the following year. Above this allowance the tax you pay depends on which...
by raza | Jun 7, 2016 | Tax Rates |
Rate % of Vat What the rate applies to Standard 20% Most goods and services Reduced rate 5% Some goods and services, eg children’s car seats and home energy Zero rate 0% Zero-rated goods and services, eg most food and children’s clothes The standard rate of VAT...
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