2018/19 Tax Rates

December 12, 2017

The tax-free earnings threshold was confirmed in the budget as £11,850. Each person can earn this much without paying any tax.

 

The Higher Rate (40%) threshold has increased to £46,350.

 

The additional rate of tax of 45% remains payable on taxable income above £150,000.

 

Don’t forget that if your income in the tax year exceeds £100,000 you will automatically loose some of your personal allowance – for each £2 over you will loose £1 of allowance.

 

In the current year you can receive £5,000 of dividend income at 0%, known as the Dividend Allowance. However, in the Budget it was confirmed that the Dividend allowance amount will fall to £2,000.

 

Any Dividend income in excess of the allowance will be taxed at:

Basic rate: 7.5%

Higher rate: 32.5%

Additional rate: 38.1%

 

You can also receive £5,000 of interest income at 0%, known as the starting rate.

Share on Facebook
Share on Twitter
Please reload

Featured Posts
RSS Feed

Monday, March 5, 2018

Saturday, December 23, 2017

Friday, December 22, 2017

Wednesday, December 20, 2017

Tuesday, December 19, 2017

Saturday, December 16, 2017

Wednesday, December 13, 2017

Tuesday, December 12, 2017

Thursday, December 7, 2017

Wednesday, December 6, 2017

Sunday, December 3, 2017

Friday, December 1, 2017

Sunday, October 1, 2017

Sunday, October 1, 2017

Thursday, June 1, 2017

Please reload

Please reload

  • Facebook Social Icon
VA Accountancy is the trading name of VA Accountancy Ltd. Registered in England and Wales: 10131714. Director: V Aldridge.
Licenced and regulated by the Association of Accounting Technicians - Licence 1000821
VA Accountancy, Coldharbour Mill, Coldharbour, Uffculme, Cullompton Devon, EX15 3EE

© 2015 - 2019 VA Accountancy