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...
by raza | May 24, 2016 | Tax Rates |
The rate of Corporation Tax you pay depends on how much profit your company makes. There are different rates for ring fence companies Rate 2016 2015 2014 2013 Small profits rate (companies with profits under £300,000) – – 20% 20% Main rate (companies with...
by raza | May 3, 2016 | Tax Rates |
The table shows the tax rates you pay in each band if you have a standard Personal Allowance of £11,000. Band Taxable Income Tax Rate Personal Allowance Up to £11,000 0% Basic rate £11,000 to £43,000 20% Higher rate £43,001 to £150,000 40% Additional rate over...
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