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MAIN DUE DATES FOR TAX PAYMENT Income Tax, NIC and Capital Gains Tax – Self-assessment 31 Jan in tax year Following 31 July Following 31 Jan }   ·     Normally

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SOCIAL SECURITY AND OTHER RATES Weekly rates and taxable unless stated otherwise. Benefits marked † below will be affected by the phasing in of Universal Credit. Attendance Allowance (non-taxable)  

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MAIN CAPITAL AND OTHER ALLOWANCES Plant & machinery 100% annual investment allowance (1st year) £200,000 Enterprise zone plant & machinery (Max €125m per investment project)   100% Plant & machinery

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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 31/3/19 19% 25% Year to 31/3/18 20% 25% Corporation tax at 32.5% on outstanding loans to participators.

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PROPERTY TRANSACTION TAXES Stamp Duty and SDRT: Stocks and marketable securities                                         0.5% Second residential properties over £40,000 – add 3% to relevant SDLT/LBTT/LTT rate   England & N Ireland –

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INHERITANCE TAX   17/18 18/19 Nil-rate band* £325,000 £325,000 Residence nil-rate band*† £100,000 £125,000 Rate of tax on excess 40% 40% Rate if at least 10% of net estate left

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CAPITAL GAINS TAX Tax Rates – Individuals 17/18 18/19 Within UK basic rate income tax band 10% 10% Within UK higher and additional rate income tax bands 20% 20% Tax

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NATIONAL INSURANCE CONTRIBUTIONS Class 1 employee 18/19 Employee Employer NIC rate 12% 13.8% No NICs for employees generally on the first £162 pw £162 pw No NICs for younger employees*

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TAX INCENTIVISED INVESTMENTS   17/18 18/19 Individual Savings Account (ISA) £20,000 £20,000 Lifetime ISA £4,000 £4,000 Help to Buy ISA £1,000 initial and £200 per month Junior ISA and Child

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STATE PENSIONS       Weekly Annual Single tier pension – where state pension age reached after 5/4/16 £164.35 £8,546.20 Basic pension – single person* £125.95 £6,549.40 Basic pension –