Budgets & Other

Income Tax Rates and Bands Recent income tax rates and bands are as follows: 2015/16 2016/17 2017/18 Savings rate: 10%, 0% from 2015/16 0 - £5,000 0- £5,000 0- £5,000 Dividend Allowance: 20% NA 0 - £5,000 0 - £5,000 Basic rate: 20% 0 - £31,785 0 - £32,000 0 - £33,500 Higher rate: 40% £31,786 - £150,000 £32,001 - £150,000 £33,501 - £150,000 Additional rate:...

Summary Chancellor Philip Hammond said it would be a short, snappy affair when he delivered the government's first Spring Statement to the House of Commons today, and this was indeed to be the case - it took just 30 minutes to cover the key points. The statement...

CGT Entrepreneurs' Relief Explained Entrepreneurs relief was introduced to help protect entrepreneurs from rises in CGT rates. Entrepreneurs' relief is available to individuals (or trustees in some circumstances) but not to limited companies. Entrepreneurs' relief can apply when you sell part or all of your business, or shares...

Stamp duty land tax A measure to amend section 45 of the Finance Act 2003 (transfer of rights) is introduced to support the Government's anti avoidance strategy with regard to stamp duty land tax (SDLT). The Government seeks to put beyond doubt that a certain type...

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