Income Tax
Personal tax allowance (0%) - £12,570
Basic rate (20%) - £12,571 to £50,270
Higher rate (40%) - £50,271 to £124,140
Additional rate (45%) - over £124,140
Tax allowance - reduces over £100,000
National Insurance
Up to £175 per week (pw) - nil
Employer NI over £175 pw - 13.8%
Employee NI over £242 pw - 12%
Self employed over £12,570 pa - 9.73%
Class 2 of £180 if profits over £12,570 pa
Other Taxes
Corporation tax 19-25% (19% up to £50k profit)
Dividends over £1,000 pa, tax of 8.75%
Capital gains over £6,000, tax at 18%-28%
Business disposals - tax at 10%
Inheritance tax - 40% on assets over £325k