, Tax rates & allowances Archives - Naail And Co

Tax rates & allowances

  • Plant and machinery allowances and the allowances available for other assets.

  • Standard and higher rates of capital gains tax (CGT) together with the annual exemption. The special rate of CGT and the limit applying for entrepreneurs’ relief purposes.

  • Weekly amounts of child / working tax credits and child benefit.

  • Companies pay corporation tax on their income and gains. View the current rates and estimate the tax due.

  • Estimate your personal income tax liability using the current rates. View the current rates here.

  • The annual ISA investment limits.

  • Inheritance tax rates and allowances.

  • Statutory minimum wage levels.

  • Earnings thresholds and contribution percentages for Class 1 (employed), Class 2 and 4 (self-employed) and Class 3 (voluntary) national insurance contributions.

  • Details of the amounts of tax relievable pension contributions for individuals and employers.

  • The current percentages of stamp duty and the various UK property/land transaction taxes.

  • Current weekly amounts.

  • EIS, SEIS, VCTs and SIR.

  • The current VAT percentages and the annual registration and deregistration thresholds.

  • Calculate the taxable benefit using the relevant tables for employer provided cars, vans and related fuel.

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