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SOCIAL SECURITY AND OTHER RATES 2019/20 social security rates not yet published. These are the rates at 29/10/18. Weekly rates and taxable unless stated otherwise. Benefits marked † below are

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MAIN CAPITAL AND OTHER ALLOWANCES Plant & machinery 100% annual investment allowance (1st year) 1/1/19 to 31/12/20 £1,000,000 Enterprise zone plant & machinery (Max €125m per project)   100% Plant

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CAR BENEFITS Taxable amount based on car’s list price when new. Charge varies according to CO2 emissions in g/km. For diesels that do not meet the RDE2 standards, add 4%

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VALUE ADDED TAX Standard rate 20% Reduced rate e.g. on domestic fuel 5% Registration level from 1/4/18 £85,000 Deregistration level from 1/4/18 £83,000 Flat rate scheme turnover limit £150,000 Cash

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CORPORATION TAX   Profits Diverted profits Year to 31/3/20 19% 25% Year to 31/3/19 19% 25% Corporation tax at 32.5% on outstanding loans to participators.

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STAMP DUTY AND PROPERTY TRANSACTION TAXES Stamp Duty and SDRT: Stocks and marketable securities                                         0.5% Second residential and all corporate residential properties £40,000 or more – add 3% to relevant

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INHERITANCE TAX   18/19 19/20 Nil-rate band* £325,000 £325,000 Residence nil-rate band*† £125,000 £150,000 Rate of tax on excess 40% 40% Rate if at least 10% of net estate left

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NATIONAL INSURANCE CONTRIBUTIONS Class 1 19/20 Employee Employer NICs rate 12% 13.8% No NICs for employees generally on the first £166 pw £166 pw No NICs for younger employees* on

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TAX INCENTIVISED INVESTMENTS   18/19 19/20 Total Individual Savings Account (ISA) limit excluding JISAs £20,000 £20,000 Lifetime ISA £4,000 £4,000 Help to Buy ISA (Existing savers only from 1/12/19) £1,000

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STATE PENSIONS         Weekly† Single tier pension – where state pension age reached after 5/4/16   TBA Basic pension – single person*   TBA Basic pension –

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REGISTERED PENSIONS   18/19 19/20 Lifetime allowance £1,030,000 £1,055,000 Money purchase annual allowance £4,000 £4,000 Annual allowance* £40,000 £40,000 Annual allowance charge on excess Applicable tax rate on earnings Lifetime

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INCOME TAX UK excluding Scottish taxpayers’ non-savings income 18/19 19/20 20% basic rate on taxable income up to £34,500 £37,500 40% higher rate on taxable income over £34,500 £37,500 45%