☘️Happy St. Patrick Day : from today 01AS also start providing assistance and advice with accounting, tax, HR, and legal questions from the set-up to the management of International SME to Dublin, Ireland.? 01AS continue of course helping companies in UK & France.uvelle zone de texte
The Personal Allowance is the amount of income a person can get before they pay tax.
Allowances | 2015 to 2016 | 2014 to 2015 | 2013 to 2014 | 2012 to 2013 |
---|---|---|---|---|
Personal Allowance for people born after 5 April 1948 | £10,600 | £10,000 | £9,440 | £8,105 |
Income limit for Personal Allowance |
£100,000 | £100,000 | £100,000 |
£100,000 |
PAYE tax rates, thresholds and codes | 2015 to 2016 |
---|---|
Employee personal allowance | £204 per week £883 per month £10,600 per year |
Basic tax rate | 20% on annual earnings above the PAYE tax threshold and up to £31,785 |
Higher tax rate | 40% on annual earnings from £31,786 to £150,000 |
Additional tax rate | 45% on annual earnings above £150,000 |
Emergency tax codes | 1060L W1, 1060L M1 or 1060L X |
Corporation Tax
Rate |
2015 | 2014 | 2013 | 2012 |
---|---|---|---|---|
Small profits rate (companies with profits under £300,000) |
- | 20% | 20% | 20% |
Main rate (companies with profits over £300,000) |
- | 21% | 23% | 24% |
Main rate (all profits except ring fence profits) | 20% | |||
Marginal Relief lower limit | - | £300,000 | £300,000 | £300,000 |
Marginal Relief upper limit | - | £1,500,000 | £1,500,000 | £1,500,000 |
Standard fraction | - | 1/400 | 3/400 | 1/100 |
Special rate for unit trusts and open-ended investment companies |
20% | 20% | 20% | 20% |