New Auto-Enrolment Contributions from April 2018
New Auto-enrolment dates It feels like yesterday that workplace pensions (auto-enrolment) were introduced under the Pensions Act 2008 (regulated by the Pensions Regulator); since 2012, in stages [...]
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Unexplained wealth orders explained
What’s an “unexplained wealth order”? An “unexplained wealth order” (UWO) and its “twin” the “interim freezing order” were introduced in January 2018 to clamp down on the [...]
What are the Personal Tax Free Allowances for 2018/19?
As per the latest announcements made in Autumn Budget in 2017, UK residents will have a tax-free personal allowance of £11,850 in the tax year 2018/19. But there are many other allowances which are [...]
Corporation Tax Calculator: Updated for 2018-2019
Corporation Tax Calculator Use Corporation Tax Calculator to find out how much you have to pay for the year 2018/19 and how much you paid for the previous years. Simply fill the revenue and costs [...]
Childcare Voucher Scheme to be extended till October 2018
Childcare Voucher Scheme to be extended till October 2018 Parents can take a sigh of relief after Education Secretary Damian Hinds announced that the employer-based Childcare Voucher Scheme [...]
National Insurance Contributions for 2018/19
National Insurance Contributions for 2018/19 From 2018/19, an employee will pay National Insurance Contributions (NIC’s) if the employee earns more than £162 a [...]
Corporation Tax Allowances and Reliefs for 2018/19
Corporation Tax Allowances and Reliefs for 2018/19 Corporation Tax is the tax levied on the company’s profits, which is currently 19% for all profits (except for ring fence profits). For the [...]
Company Car Tax Table & Mileage Allowance Rates for 2018/19 & 2019/20
Company car mileage allowance is a benefit given to employees by the employers in the UK to help them support financially while they on business trips. All employers in the UK have some kinds of [...]
Income Tax Rate and Allowances for 2018/19
Income Tax Rate & Allowances - 2018/19 As per the announcements of the Autumn Budget 2017, there will be changes to the Personal Allowances and Income Tax rates for [...]
Capital Gains Tax for 2018/19
Capital Gains Tax for 2018/19 Capital Gains Tax (CGT) is the tax a person has to pay on the gains/profit earned when an asset has been sold/disposed. CGT is only [...]