Introduction
Main Income Tax reliefs
Income Tax Rates and bands
Car Benefit Assessment
Tax Free Mileage Allowances
National Insurance Contributions
Pension Contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Stamp Duty & Stamp Duty Land Tax
Earliest due dates for payment of tax
National Insurance Contributions| Class 1 (Employees) | |||
| Contracted In | Contracted Out | ||
| Salary Related | Money Purchase | ||
| Employee contributions | |||
| - on earnings between £100.01 and £670pw | 11.0% | 9.4% | 9.4% |
| - on earnings above £670pw | 1.0% | 1.0% | 1.0% |
| Employer contributions | |||
| - on earnings between £100.01 and £670pw | 12.8% | 9.1% | 11.4% |
| - on earnings above £670pw | 12.8% | 12.8% | 12.8% |
| Employer contributions (at 12.8%) are due on most benefits in kind and on tax paid on an employee's behalf under a PAYE settlement agreement. | |||
| Class 2 (Self-employed) | |||
| Flat rate per week | £2.20 | ||
| Small earnings exception: profits per annum | £4,635 | ||
| Class 3 (Voluntary) | |||
| Flat rate per week | £7.80 | ||
| Class 4 (Self-employed) | |||
| On profits £5,225 - £34,840 | 8.0% | ||
| On profits over £34,840 | 1.0% | ||