Tax rates & allowances Northampton and Rugby : J R Watson & Co Accountants

Capital allowances

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

Capital gains tax

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.

Child benefit

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

Corporation tax

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

Income tax

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

Individual Savings Account (ISA)

The annual ISA investment limits.

Inheritance tax

Inheritance tax rates and allowances.

Minimum wage

Statutory minimum wage levels.

National insurance

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

Pensions

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

Stamp duty & land taxes

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

Statutory pay

Current weekly amounts.

Tax reliefs for individuals

EIS, SEIS, VCTs and SIR.

Value added tax

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

Vehicles

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

The latest news

06 Jul 2021

Furlough scheme starts to wind down

The government's Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July.

06 Jul 2021

Apprenticeship cash boost

The government has confirmed that employers of all sizes in England can now apply for £3,000 in extra funding to help them take on new apprentices.

06 Jul 2021

Property tax changes

From 1 July 2021 there are changes to the Stamp Duty Land Tax (SDLT) and Land Transaction Tax (LTT) bands for residential property.

Accessibility links

Tax rates & allowances

The latest news

Furlough scheme starts to wind down

Apprenticeship cash boost

Property tax changes