Personal tax allowance (0%) - £12,570
Basic rate (20%) - £12,571 to £50,270
Higher rate (40%) - £50,271 to £125,140
Additional rate (45%) - over £125,140
Tax allowance - reduces over £100,000
Up to £175 per week (pw) - nil
Employer NI over £175 pw - 13.8%
Employee NI over £242 pw - 8%
Self employed over £12,570 pa - 6%
Class 2 of £180 if profits over £6,725 pa
Corporation tax 19-25% (19% up to £50k profit)
Dividends over £500 pa, tax of 8.75%
Capital gains over £3,000, tax at 18%-28%
Business disposals - tax at 10%
Inheritance tax - 40% on assets over £325k
Hayton Accountancy Ltd
Company number 6440795
22 The Boyle, Barwick-in-Elmet, Leeds, LS15 4JN
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