Tel: 0781 1155 746

Email: info@tdaccounting.co.uk

useful information

Web Links

HM Revenue & Customs
The Pensions Regulator
Acas - Employment Law Help

National Minimum Wage and National Living Wage Rates from 1st April 2019

£8.21 per hour - 25 yrs old and over
£7.70 per hour - 21-24 yrs old
£6.15 per hour - 18-20 yrs old
£4.35 per hour - 16-17 yrs old
£3.90 for apprentices under 19 or 19 or over who are in the first year of apprenticeship.

Personal Tax Rates 2019/20 from 6th April 2019

Personal Allowance -you can earn this amount tax free £12,500
Basic Rate Tax 20% - charged on taxable income up to £37,500
Higher Rate Tax 40% - charged on taxable income between £37,501 to £150,000
Additional Rate Tax 45% - charged on taxable income above £150,001
Dividend Allowance - you can earn £2,000 in dividends tax free
Dividend Ordinary Rate - 7.5% (nil tax credit)
For more information on Tax and National Insurance Rates click here

Value Added Tax (VAT) 2019/20

The standard UK rate of VAT is 20%
The lower UK rate of VAT is 5%
Registration threshold from 1st April 2019 - £85,000
Click here for more information on VAT

Company Taxation 2019/2020

Corporation Tax (FY2019 19%) (FY2020 19%)

Capital Gains Tax 2019/20

Standard Rate - 10%
Higher Rate - 20%
Entrepreneurs' Relief Rate - 10%

Inheritance Tax 2019/20

Nil Rate Band - £325,000
Rate of Tax on excess - 40%

Useful PDF's

New Employee Starter Check List
Construction Industry Scheme (CIS) Payments and Deductions Statement

Memberships and Associates: