Income tax
2020/21
2019/20
2018/19
2017/18
Personal Allowance
12,500
12,500
11,850
11,500
Transferable marriage allowance
1,250
1,250
1,185
1,150
Savings rate band
5,000
5,000
5,000
5,000
Savings rate (from 6 April 2016 0% PSA*)
0%
0%
0%
0%
Basic rate band (20%)
37,500
37,500
34,500
33,500
Start to lose child benefit (from 7/1/13)
50,000
50,000
50,000
50,000
Lose all child benefit above
60,000
60,000
60,000
60,000
Lose personal allowance at
100,000
100,000
100,000
100,000
Additional rate on earnings over (45%)
150,000
150,000
150,000
150,000
Rent a room limit
7,500
7,500
7,500
7,500
Trading allowance
1,000
1,000
1,000
1,000
Property allowance
1,000
1,000
1,000
1,000
Showing 1 to 12 of 12 entries
Salary and dividends
2020/21
2019/20
2018/19
2017/18
Employers NI threshold (per month)
732
719
702
680
Optimum annual salary [A]
8,784
8,628
8,424
8,160
Personal allowance + basic rate
50,000
50,000
46,350
45,000
Remaining after deducting [A]
41,216
41,372
37,926
36,840
Net dividends (within basic rate)
41,216
41,372
37,926
36,840
Dividend Tax Allowance
2,000
2,000
2,000
5,000
Dividend tax rate basic rate taxpayers
7.5%
7.5%
7.5%
7.5%
Dividend tax rate higher rate taxpayers
32.5%
32.5%
32.5%
32.5%
Dividend tax rate additional rate taxpayers
38.1%
38.1%
38.1%
38.1%
Showing 1 to 9 of 9 entries
National Insurance
2020/21
2019/20
2018/19
2017/18
Employees NI rate
12%
12%
12%
12%
Employers NI rate
13.8%
13.8%
13.8%
13.8%
Lower earnings limit
6,240
6,136
6,032
5,876
Upper earnings limit
50,000
50,000
46,384
45,000
Primary threshold
9,500
8,632
8,424
8,164
Secondary threshold
8,788
8,632
8,424
8,164
Self employed NI rate
9%
9%
9%
9%
Self employed NI lower limit
9,500
8,632
8,424
8,164
Self employed NI upper limit (2% NI above this)
50,000
50,000
46,350
45,000
Small earnings exemption
6,475
6,365
6,205
6,025
Class 2 (per week)
3.05
3.00
2.95
2.85
Student loan threshold (pre-2012) Plan 1
19,390
18,935
18,330
17,775
Student loan threshold (post-2012, England and Wales only) Plan 2
26,575
25,725
25,000
21,000
Student loan rate (pre-2012)
9%
9%
9%
9%
Employment Allowance (deduction from Employers NI)
4,000
3,000
3,000
3,000
Showing 1 to 15 of 15 entries
Capital Gains Tax
2020/21
2019/20
2018/19
2017/18
Capital gains tax annual exemption
12,300
12,000
11,700
11,300
Capital gains tax rates (Residential property)
18%/28%
18%/28%
18%/28%
18%/28%
Capital gains tax rates (Other)
10%/20%
10%/20%
10%/20%
10%/20%
Showing 1 to 3 of 3 entries
VAT thresholds
2020/21
2019/20
2018/19
2017/18
Registration
85,000
85,000
85,000
85,000
Deregistration
83,000
83,000
83,000
83,000
Flat rate scheme: Joining (excluding VAT)
150,000
150,000
150,000
150,000
Flat rate scheme: Leaving (including VAT)
230,000
230,000
230,000
230,000
Cash accounting: Joining
1,350,000
1,350,000
1,350,000
1,350,000
Cash accounting: Leaving
1,600,000
1,600,000
1,600,000
1,600,000
VAT rate
20%
20%
20%
20%
Showing 1 to 7 of 7 entries
Corporation tax rates
2020/21
2019/20
2018/19
2017/18
Main rate (17% from 1/4/20)
19%
19%
19%
19%
Capital Allowances
2020/21
2019/20
2018/19
2017/18
AIA limit (£200,000 from 1 January 2021)
1,000,000
1,000,000
200,000
200,000
Standard main pool rate
18%
18%
18%
18%
Special rate (integral features and long term)
6%
8%
8%
8%
Small pool write off
1,000
1,000
1,000
1,000
Showing 1 to 7 of 7 entries