R Stride & Co Accountants

 

Rates and Tables   

   

Rates and Tables  

   

 

   

Personal Allowances      

                                                          2014/2015   2015/2016 2016/2017  2017/2018  

 

Personal Allowance   

£10,000   

£10,600   

£11,000   

£11,500 

Transferable personal allowance between spouses   

£ Nil  

£ 1,060  

£ 1,100 

 £1,150

Age Allowance (65-74)  

£10,500   

£10,600   

£ 10,800 

 

Age Allowance (75+)    

£10,660   

£10,660   

£ 10,800 

 

Income limit for age allowance   

£27,000   

£27,700 

£27,700 

 

Income limit for personal allowance  

£100,000  

£100,000  

£ 100,000 

 

Personal Savings Allowance (basic rate tax payers)  

N/A 

N/A 

£1,000 

 £1,000

Personal Savings Allowance (higher rate tax payers) 

N/A 

N/A 

£500 

 £500

Tax Free dividend rate 

N/A 

N/A 

£5,000 

 £5,000

 

 

  

Tax rates                     

                                               2014/2015         2015/2016       2016/2017          2017/2018  

 

Basic rate               20%  

£0 - £31,865  

£0 - £31,785  

£0 - £ 32,000 

£0 - £33,500

Higher rate            40%  

£31,866 - £150,000  

£31,786 - £150,000  

£ 32,001   -£150,000  

£33,501 - £150,000 

Higher Rate Threshold

£41,865  

£42,385  

£43,000  

£45,000 

Additional rate    45%  

Over £150,000  

Over £150,000  

Over  

£150,000  

Over £150,000 

Savings Only Rate 10%  

£0 - £2,880  

n/a  

N/A  

N/A 

Dividend Starter Rate 0%  ****

N/A  

£0 - £5,000  

£0 - £5,000  

£0 - £5,000 

Dividend rate (7.5%) 

N/A 

N/A 

£5,001 - £27,000 

 £5,001 - £27,000

Dividend rate (32.5%) 

N/A 

N/A 

£27,001 - £89,000 

 £27,000 - £89,000

Dividend rate (38.1%) 

N/A 

N/A 

Over £89,001 

 Over £89,001

   

 After 5th April 2018 this reduces to £2,000

 

 

 

 

 

 

 

National Insurance  

                2015/2016             2016/2017              2017/2018          

 

Employees rate – Class 1  

12%  

12%  

 12%

Self employed – Class 2  

£2.80 pw  

£2.80 

 £2.85

Self employed – Class 4  **

9%  

9%  

9% 

Small earnings exemption – class 2 

£5,885 pa  

£ 5,965 

 £6,025

Class 4 Limit 

£8,060 

£8,060 

 £8,164

Employees pay NI over  

£153 pw  

£ 155 pw  

 £156 pw

Employers pay NI over 

£153 pw 

£ 156 pw 

 £156 pw

Employers rate   

13.8%   

13.8%   

 13.8%

Employers Allowance ***  

£2,000  

£3,000  

£3,000 

   

** rising to 10% from 6th April 2018 and 11% from 6th April 2019 

*** not allowed for single director companies

  

 

Corporation Tax (Limited Co)    

  2015/2016          2016/2017            2017/2018        2018/2019 

 

All companies

20%  

20%  

19% 

19% 

  

** reduced to 19% from 2017 and 17% from 2020 

 

Capital Gains Tax     

                                                           2014/2015            2015/2016            2016/2017     

 

Tax Free Allowance  

£11,000  

£11,100  

 £11,100

Entrepreneurs Rate  

10%  

10%  

 10%

Lower rate **  

18%  

18%  

10% 

Higher rate **  

28%  

28%  

20% 

** depends upon your taxable income – seek advice  

   

Inheritance Tax     

           2014/2015             2015/2016             2016/2017  

 

Threshold  

£325,000  

£325,000  

£325,000  

House Allowance 

£175,000 

Rate  

40%  

40%  

40%  

  

 

 

 

 

 

 

 

 

VAT   

                                                            2015/2016            2016/2017        2017/2018 

 

Lower rate  

5%  

5%  

5% 

Main rate  

20%  

20%  

20% 

Gross to Net Calculation  

1/6  

1/6  

1/6 

Registration Threshold  

£82,000  

£83,000   

£85,000 

Deregistration Threshold  

£80,000  

£81,000 

£83,000 

Cash Accounting Scheme  

£1,350,000  

£1,350,000  

£1,350,000 

  

 

 

 

 

Capital Allowances     

    2014/2015          2015/2016           2016/2017                 

 

New asset limit at 100% **  

£250,000  

£500,000 ***  

 £200,000

Balance over above limit  

18%  

18%  

 18%

Cars over 130g CO2  

10%  

8%  

 8%

 

** Plant and Machinery and cars under 10g CO2  

*** £200,000 from January 2016 

  

 

  

 HMRC Approved Mileage Rates     

  

Miles                                          Up to 10,000           Over 10,000  

 

Cars and Vans  

45p  

25p  

Motorcycles  

24p  

24p  

Pedal Cycles  

20p  

20p  

Each passenger same trip  

5p  

5p  

  

   

 

 

 

 

 

 

 Company Cars Fuel Benefit Charge 

 

                                                             2015/2016           2016/2017                      2017/2018

 

Car Fuel Benefit Multiplier 

£22,100 

£22,200 

£22,600 

Van Fuel Benefit Charge 

£594 

£598 

£610 

 

 


 

 

 

 

 

 

 

This document has been prepared as a general guide. It is not a substitute for professional advice. Neither R Stride & Co LLP nor its partners or employees accept any responsibility for loss or damage incurred as a result of acting or refraining from acting upon anything contained in or omitted from this document. R Stride & Co LLP is a limited liability partnership registered in England and Wales with registered number OC356030. 

A list of members is available for inspection at The Old Coach House, Rear of Eastville Terrace, Ripon Road, Harrogate, HG1 3HJ, the registered office. R Stride & Co LLP operates a code of conduct to ensure that all types of data are managed in a way which complies with the Data Protection Act 1998. If you do not wish to be informed about the services we offer and forthcoming events, please contact the office on 01423 561732. © R Stride & Co LLP 2015.