Tax Rates and Allowances
Here’s a long list of the many areas in which we can provide help and support. Be sure to call us if you have a question or problem which is not listed below. We will be very interested to learn about it.
Key Dates and Deadlines
This is a summary of the key filing and payment dates.
Personal tax rates and allowances.
Details of corporation tax rates and bands.
Inheritance tax rates, nil rate band and allowances.
Capital Gains Tax
Capital gains tax rates and allowances.
VAT rates, schemes and thresholds.
National Insurance Contributions
National insurance contributions and rates.
Residential Property Letting
Residential property letting tax rates and allowances.
Main Capital Allowances
Reduce your business tax liability with your capital expenditure.
In order to attract a deduction in computing the profits of a trade or business any expenses must be incurred wholly and exclusively for the purpose of the trade. Capital expenditure is not an allowable expense (capital allowances are claimed on these costs), and certain other expenses are barred by statute.
Penalties for Late Returns
The tax system has many fines and penalties for those that do not file or pay on time. Make sure you do not become liable to any of these fines or penalties.
Trusts and Settlements
Trusts and settlements – tax rates and allowances.
The basics of the non-domicile charge.
Qualification for a Small or Medium-sized Company
Qualification to be a small or medium-sized company applies if certain criteria are met in the current and preceding year. Ask us for details.
Green Travel Allowances
There are a number of schemes intended to encourage employers to make arrangements for their staff to travel to work by more environmentally beneficial means.
Current and previous mileage allowances.
Chargeable on employees earning £8,500 or over (including benefits), and directors.
Check your benefit for this tax year.
There are limits that may be contributed to a registered pension scheme without incurring a tax charge. The maximum amount on which an individual can claim tax relief in any tax year is the greater of the individual’s UK relevant earnings or £3,600.
EIS, SEIS and VCT
Enterprise investment schemes, seed enterprise investment schemes and venture capital trusts.
ISAs and New ISAs (NISAs)
Details of this year’s investment maximums for ISAs and New ISAs (NISAs).
Details of the rates and types of stamp taxes.
Air Passenger Duty Rates
Duty levied on flights.
Landfill tax rates.
Charitable contributions and Gift Aid.
Annual Tax on Enveloped Dwellings (ATED)
ATED is a tax payable by companies on high value residential property (a dwelling).
Tax credits rates for this year and the last tax year.
State pension rates, pension credit and winter fuel allowances.
Selected benefit rates.
The following are a range of credits and are all the applicable monthly rates.