Following last month’s budget, it is, for most people, a case of no change despite several rumours circulating in the previous weeks. The main contents with regard to VAT and Duties were as follows: VAT Despite rumours, there was no changes announced in the budget concerning either the registration turnover limits or the rates of … Continue reading Budget Changes – VAT and Duties →

Following last month’s budget, it is, for most people, a case of no change despite several rumours circulating in the previous weeks. The main contents with regard to National Insurance were as follows: Class 1 This is the National Insurance paid by employees and employers on wages and salaries. The rates for 2018/19 are as … Continue reading Budget Changes- National Insurance →

Following last month’s budget it is, for most people, a case of no change despite several rumours circulating in the previous weeks. The main contents with regard to Income Tax were as follows: Tax Rates Income Tax rates are unchanged for 2018/19 as follows: Basic Rate 20% Higher Rate 40% Additional Rate 45% Similarly, the … Continue reading Budget Changes – Income Tax →

Following last month’s budget it is, for most people, a case of no change despite several rumours circulating in the previous weeks. The main contents with regard to Corporation Tax were as follows: Corporation Tax Rate The rate of Corporation Tax will remain at 19% for both 2018/19 and 2019/20. It is set to reduce … Continue reading Budget Changes – Company Tax →

Following last month’s budget it is, for most people, a case of no change despite several rumours circulating in the previous weeks. The main contents with regard to Capital Tax were as follows: Capital Gain Tax The Annual Exemption for 2018/19 will be £11,700 for individuals and £5,850 for Trustees. The rates of CGT remain … Continue reading Budget Changes – Capital Taxes →