| Corporation Tax on Income and Gains |
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National Insurance |
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| Main rate |
26% |
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Employees' Earnings |
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| Small Companies' rate |
20% |
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£0 - £7,228 |
0% |
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£7,228 - £42,484 |
12% |
| Small Companies' Threshold |
£300,000 |
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Above £42,484 |
2% |
| Large Companies' Threshold |
£1,500,000 |
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Employers' Rate |
13.80% |
| Personal Income Tax |
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Self-Employed Earnings |
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| Personal Allowance |
£7,475 |
* |
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£0 - £7,225 |
0% |
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£7,225 - £42,475 |
9% |
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Other Income |
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Dividends |
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Above £42,475 |
2% |
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| £0 - £35,000 |
20% |
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0% |
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Self-Employed Flat Rate |
£2.50 per week |
| £35,001 - £150,000 |
40% |
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32.50% |
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| Over £150,000 |
50% |
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42.50% |
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Value Added Tax (VAT) |
| Rate applicable to trusts |
50% |
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42.50% |
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Standard Rate |
20% |
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| *Tapered (to nil) for incomes > £100,000 |
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| Capital Gains Tax - Individuals and Trustees |
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| Annual Exempt Amount (individuals) |
£10,600 |
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Reduced Rate |
5% |
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| Rate of Tax |
28% |
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| Registration Threshold
£73,000 |
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Inheritance Tax (IHT) |
| Entrepreneur Relief rate |
10% |
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Rate on Death |
40% |
| Entrepreneur Relief Lifetime Limit |
£10,000,000 |
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Lifetime rate |
20% |
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Lifetime Threshold |
£325,000 |
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| Stamp Duty Land Tax (SDLT) |
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Withholding Rates (Non-Treaty) |
| Residential Land & Property* |
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| -Up to £125,000 |
0% |
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Dividends |
0% |
| -£125,000 to £250,000 |
1% |
** |
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Interest |
20% |
| -£250,000 to £500,000 |
3% |
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Royalties |
20% |
| -£500,000 - £1,000,000 |
4% |
| -Over £1,000,000 |
5% |
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| Non-Residential and Mixed Use Land & Property* |
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| - Up to £150,000 & annual rent < £1000 |
0% |
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| - Up to £150,000 & annual rent > £1000 |
1% |
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| - £150,000 to £250,000 |
1% |
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| - £250,000 to £500,000 |
3% |
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| - Over £500,000 |
4% |
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| *Additional charges can arise on purchase of valuable lease |
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| ** 0% for "first time buyers" |
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