With the Brexit process rumbling on, Making Tax Digital finally coming into force, and Easter around the corner, now is the time to put your financial plans in place for 2019/20.
INTRODUCTION Once again, Chancellor Philip Hammond has demonstrated his commitment to the principle of the Spring Statement as a low-key event, at least in terms of tax and public spending announcements. With none of the pomp and circumstance of the Autumn Budget, Hammond stuck in [...]
As the clock continues to tick down to the 29 March 2019, when the UK is scheduled to officially leave the EU at 11pm, there is still much uncertainty around what Brexit will mean for UK business.
It’s a fact – humans are bad at assessing risk.
Tax Card 2019/20 TAXABLE INCOME TAX BANDS AND RATES 2019/20 2018/19 Starting rate* of 0% on savings up to £5,000 £5,000 Basic-rate band £37,500 £34,500 Higher-rate band £37,501 to £150,000 £34,501 to £150,000 Additional-rate band Over £150,000 Over £150,000 Basic rate 20% 20% Higher [...]
TAXABLE INCOME TAX BANDS AND RATES
From April 2019, some estates in England and Wales could be required to pay almost £6,000 for a service that currently costs less than 4% of that amount.
Year-End Tax Guide 2018/19
Around 1.4 million businesses in the UK employed members of staff in 2018, and all of them shared one thing in common: the legal requirement to run payroll.
National insurance contributions (NICs) are set aside to pay the state pension and other benefits, but due to the UK’s ageing population the National Insurance Fund is under increasing strain, with the state pension taking up more than 90% of its annual outlay in 2018.