Tax rates and allowances
This guide provides a summary of key tax rates, allowances and reliefs for 2017/18, 2018/19 and 2019/20. It includes information on business taxes, indirect taxes, personal taxes, national insurance contributions and the apprenticeship levy.
Page last updated
23 November 2018
Click on the relevant section below to see the rates and allowances for 2017/18, 2018/19 and 2019/20.
Business tax
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Car and van benefits
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Car benefits
The car benefit is calculated at a percentage of the car’s list price when new. The list price includes accessories and is not subject to an upper limit. The list price is reduced for capital contributions made by the employee up to £5,000. Special rules may apply to cars provided for disabled employees.
The percentages are given in the table below and are based on the car's CO2 emissions in grams per kilometre up to a maximum of 37%. For diesel cars add a 3% supplement (4% from April 2018), but the maximum is still 37%. Cars that meet the Real Driving Emissions Step 2 (RDE2) standard are exempt from the diesel supplement.
For cars registered before 1 January 1998 and cars with no agreed CO2 emissions the charge is based on engine size.
CO2 emissions (grams per kilometre) % of car's list price taxed 2017/18 % of car's list price taxed 2018/19 % of car's list price taxed 2019/20 Petrol engine Diesel engine Petrol engine Diesel engine Petrol engine Diesel engine 0-50 9 12 13 17 16 20 51-75 13 16 16 20 19 23 76-94 17 20 19 23 22 26 95-99 18 21 20 24 23 27 100-104 19 22 21 25 24 28 105-109 20 23 22 26 25 29 110-114 21 24 23 27 26 30 115-119 22 25 24 28 27 31 120-124 23 26 25 29 28 32 125-129 24 27 26 30 29 33 130-134 25 28 27 31 30 34 135-139 26 29 28 32 31 35 140-144 27 30 29 33 32 36 145-149 28 31 30 34 33 37 150-154 29 32 31 35 34 37 155-159 30 33 32 36 35 37 160-164 31 34 33 37
36 37 165-169 32 35 34 37 37 37 170-174 33 36 35 37 37 37 175-179 34 37 36 37 37 37 180-184 35 37 37 37 37 37 185-189 36 37 37 37 37 37 190 and over 37 37 37 37 37 37 Find more information at: gov.uk/expenses-and-benefits-company-cars
Car fuel benefit charge
Car fuel benefit charge multiplier.
2017/18 2018/19 2019/20 £22,600 £23,400 £24,100 Car fuel benefit applies if an employee has the benefit of private fuel for a company car. The benefit is calculated by applying the percentage used to calculate the car benefit to a 'fuel charge multiplier'. The charge does not apply to certain environmentally-friendly cars. The fuel benefit is reduced to nil only if the employee pays for all private fuel.
Find more information at: gov.uk/expenses-and-benefits-company-cars
Van and fuel benefits
Van benefit charge
2017/18 2018/19 2019/20 Vans which emit CO2 £3,230 £3,350 £3,430 Vans which do not emit CO2 when driven £646 £1,340 £2,058 Van fuel benefit charge
2017/18 2018/19 2019/20 £610 £633 £655 Van benefit is chargeable if the van is available for an employee’s private use. The charges do not apply if a restricted private use condition is met throughout the year. A fuel benefit may also be chargeable if an employee has the benefit of private fuel paid for in respect of a company van.
Find more information at: gov.uk/expenses-and-benefits-company-vans
Advisory fuel rates for company cars
Advisory rates only apply where employers reimburse employees for business travel in a company car or require employees to repay the cost of fuel used for private travel in a company car.
If the rate paid per mile of business travel is no higher than the advisory rate for the particular engine size and fuel type of the car, HMRC will accept that there is no taxable profit and no Class 1 NIC liability.
Rates in pence per mile:
Engine size Fuel type From 01/12/17 From 01/03/18 From 01/06/18 From 01/09/18 1400cc or smaller Petrol 11 11 11 12 1400cc or smaller LPG 7 7 7 7 1600cc or smaller Diesel 9 9 10 10 1401cc to 2000cc Petrol 14 14 14 15 1401cc to 2000cc LPG 9 9 10 10 1601cc to 2000cc Diesel 11 11 11 12 Bigger than 2000cc Petrol 21 22 22 22 Bigger than 2000cc LPG 14 13 14 13 Bigger than 2000cc Diesel 13 13 13 13 Fully electric cars n/a n/a n/a 4 Find more information at: gov.uk/government/publications/advisory-fuel-rates
Mileage allowance payments (MAP)
MAP rates per business mile (for business travel in employee's own vehicle).
Cars and vans Rate per mile 2017/18 2018/19 2019/20 Up to 10,000 miles 45p 45p 45p Over 10,000 miles 25p 25p 25p Bicycles 20p 20p 20p Motorcycles 24p 24p 24p Find more information at: gov.uk/expenses-and-benefits-business-travel-mileage
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Capital allowances
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Plant and machinery 2017/18 2018/19 2019/20 Annual investment allowance (AIA) of 100% on expenditure up to £200,000 £200,000
£1m from 1 January 2019 [1]£1m Structures and buildings allowance [2] n/a 2% from 1 January 2019 2% Main writing down allowance rate [3] 18% 18% 18% Special rate pool (long life assets and integral features within a building) [3] 8% 8% 6% Energy saving/environmentally beneficial assets [4] 100% 100% 100% Commercial or industrial building in an enterprise zone [5] 100% 100% 100% Research and development [6] 100% 100% 100% Motor cars [7] 2017/18 2018/19 2019/20 Low emission less than or equal to 75g/km 100% 100% 100% Emissions between 75/km or equal to 130g/km 18% 18% 18% Emissions greater than 130g/km 8% 8% 8% Notes:
[1] The AIA is increased to £1m for two years from 1 January 2019
[2] This new allowance applies to expenditure under physical construction works entered into on or after 29 October 2018
[3] Reducing balance
[4] See enhanced capital allowance scheme (ECA)
[5] Transitional rules apply until 2020
[6] Extra credits are available - see below
[7] These rates apply to new cars. Second hand and electric cars with emissions equal to or below 130g/km can claim 18%Find more information at: gov.uk/topic/business-tax/capital-allowances
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Corporation Tax (CT)
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Rates Financial year commencing 1 April 2017 Financial year commencing 1 April 2018 Financial year commencing 1 April 2020 Main rate 19% 19% 17% Find more information at: gov.uk/topic/business-tax/corporation-tax
North Sea oil and gas ring fenced profits rates Financial year commencing 1 April 2017 Financial year commencing 1 April 2018 Financial year commencing 1 April 2020 Small profits rate (under £300,000) 19% 19% 19% Main rate 30% 30% 30% Main rate relief 11/400 11/400 11/400 Supplementary rate charge 10% 10% 10% Find out more at: gov.uk/guidance/oil-gas-and-mining-ring-fence-corporation-tax
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Diverted profits tax
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2017/18 2018/19 2019/20 Rate 25% 25% 25% Find more information at: gov.uk/government/publications/diverted-profits-tax-guidance
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Annual tax on enveloped dwellings (ATED)
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Since 1 April 2013 ATED is payable by non-natural persons that own high value residential property. ATED does not apply to individuals or to entities which use residential property for a qualifying business purpose.
The amount of ATED is worked out using a banding system and initially was based on the value of the property as at 1 April 2012 (or subsequent acquisition date). A new valuation was required as at 1 April 2017 for the 2018/19 charge and the following four years to 2022/23 inclusive.
ATED is charged for financial years (beginning on 1 April and ending on 31 March), not for fiscal years.
Property value Charge for 2017/18 Charge for 2018/19 Charge for 2019/20 £500,001 to £1m £3,500 £3,600 £3,650 Over £1m to £2m £7,050 £7,250 £7,400 Over £2m to £5m £23,550 £24,250 £24,800 Over £5m to £10m £54,950 £56,550 £57,900 Over £10m to 20m £110,100 £113,400 £116,110 Over £20m £220,350 £226,950 £232,350 Find more information at: gov.uk/guidance/annual-tax-on-enveloped-dwellings-the-basics
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Patent box
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Since 1 April 2013 profits from qualifying patent interests are taxed at 10%. This is phased in over five years. The rules were amended from 1 July 2016 to make the regime compliant with the new international nexus approach.
Year commencing 1 April 2017 2018 2019 Percentage of benefits available 100% 100% 100% Find more information at: gov.uk/guidance/corporation-tax-the-patent-box
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Research and development relief
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Research and development (R&D) relief is a company tax relief that can either reduce a company's tax bill or provide a cash sum paid by HMRC. It is based on the company’s expenditure on R&D projects that seek an advance in science or technology. The activities that constitute R&D for tax purposes are defined within special BIS guidelines.
The R&D tax credit works by allowing companies an increased or enhanced deduction in respect of qualifying expenditure on R&D activities.
Additional deduction for costs[1] 1 April 2017 1 April 2018 1 April 2019 SMEs 130% 130% 130% SME expenditure credit[2] 14.5% 14.5% 14.5% Notes:
[1] The additional deduction is in the addition to the claimed cost.
[2] SMEs that make losses can surrender the deduction in exchange for paymentFind more information at: gov.uk/guidance/corporation-tax-research-and-development-rd-relief
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Research and development expenditure credit (RDEC)
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Finance Act 2013 introduced an 'above the line' credit at a rate of 10% for large companies for research and development (R&D) expenditure incurred on or after 1 April 2013.
To 31 December 2017 From 1 January 2018 Credit 11% 12% Find more information at: gov.uk/guidance/corporation-tax-research-and-development-rd-relief
Value added tax
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Value added tax (VAT)
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The VAT registration threshold is been frozen at £85,000 until April 2022.
Rates and limits From 1 April 2017 From 1 April 2018 From 1 April 2019 Standard rate 20% 20% 20% Reduced rate 5% 5% 5% Annual registration limit £85,000 £85,000 £85,000 Annual de-registration limit £83,000 £83,000 £83,000 Cash and annual accounting scheme turnover limit £1.35m £1.35m £1.35m Cash or annual accounting - exit turnover limit £1.6m £1.6m £1.6m Flat rate schemes - entry turnover limit £150,000 £150,000 £150,000 Flat rate schemes - exit turnover limit £230,000 £230,000 £230,000 Find out more at: gov.uk/topic/business-tax/vat
Stamp duty land tax
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Stamp duty land tax (SDLT)
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SDLT is payable on land and property transactions in England and Northern Ireland. It applies to transactions in Wales up to 4 April 2018, from which date the Welsh land transaction tax (LTT) applies. In Scotland, the land and buildings transaction tax replaced SDLT from April 2015
Residential property
Property value Rate [1] Rate from 1 April 2016 on purchase of additional property [1] £0-£125,000 0% 3% £125,001-£250,000 2% 5% £250,001-£925,000 5% 8% £925,001-£1.5m 10% 13% Over £1.5m 12% 15% Notes:
[1] On the portion of value above the threshold (slice system)Rates for first time buyers (for properties worth £500,000 or less)
Property value Rate on or after 22 November 2017 [1] £0-£300,000 0% £300,001-£500,000 5% £500,000+ Standard rates above apply Notes:
[1] On the portion of value above the threshold (slice system)Non-residential property
Purchases and lease premiums
Property value Up to 16 March 2016[1] Property value On or after 17 March 2016[2] £0-£150,000 0% £0-£150,000 0% £150,001-£250,000 1% £150,001-£250,000 2% £250,001-£500,000 3% Over £250,000 5% Over £500,000 4% Leases
Net present value (NPV) of the lease Up to 16 March 2016 Net present value (NPV) of the lease On or after 17 March 2016 £0-£150,000 0% £0-£150,000 0% Over £150,000 1% £150,001-£5m 1%
Over £5m 2% Notes:
[1] On entire property value (slab system).
[2] On the portion of the value above the threshold (slice system).Find more information at: gov.uk/topic/business-tax/stamp-taxes
National Insurance Contributions (NIC)
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Rates, thresholds and reliefs
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Rates - Class 1 Employer and Employee 2017/18 2018/19 2019/20 Thresholds (per week) Lower earnings limit (LEL) (employees and employers) £113 £116 £118 Primary threshold (PT) (employees) £157 £162 £166 Secondary threshold (ST) (employers) £157 £162 £166 Upper earnings limit (UEL) (employees only) £866 £892 £962 Upper secondary threshold (UST) for under 21s (employers)
£866 £892 £962 Apprentice upper secondary threshold (AUST) for under 25s (employers) £866 £892 £962 Rates - Class 1 Employer and Employee 2017/18 2018/19 2019/20 Employee rates Earnings below LEL 0% 0% 0% Earnings between LEL and PT 1 0% 0% 0% Earnings between PT and UEL 1 12% 12% 12% Deferred rate for certain employees with more than one job 2 2% 2% 2% Earnings above UEL 2% 2% 2% Employer rates Earnings below ST, UST or AUST 0% 0% 0% Above ST, UST or AUST 3 13.8% 13.8% 13.8% Employment allowance Employment allowance (EA) - annual allowance, per business - offset against employer's Class 1 NICs [4, 5] £3,000 £3,000 £3,000 Other employer rates Class 1A - on employer-provided benefits-in-kind 13.8% 13.8% 13.8% Class 1B - on PAYE settlement agreements 13.8% 13.8% 13.8% Notes:
[1] NIC paid on earnings between LEL and UEL accrue entitlement to state pension and other contributory state benefits.
[2] Employees with more than one job with earnings above the UEL in one job or above the UEL plus PT over two jobs, can apply to HMRC to defer paying Class 1 at the full rate. See guidance at gov.uk/defer-national-insurance
[3]Employers pay 0% Class 1 secondary NIC on earnings up to the UEL for employees aged under 21 and apprentices aged under 25.
[4]Connected companies, connected charities and/or employers with more than one PAYE scheme have only one EA between them.
[5] From April 2020 the EA will be restricted to employers with an employer NIC liability below £100,000 in their previous tax year.For further data see gov.uk/government/publications/rates-and-allowances-national-insurance-contributions/rates-and-allowances-national-insurance-contributions
Rates - other 2017/18 2018/19
2019/20
Class 2 (self-employed flat rate) [1] Per week £2.85 £2.95 £3.00 Small earnings exception (per year) £6,025 £6,205 £6,365 Share fisherman (per week) £3.50 £3.60 £3.65 Voluntary development workers (per week) £5.65 £5.80 £5.90 Class 3 (voluntary) [1] Per week £14.25 £14.65 £15.00 Class 4 (self-employed) Lower profits limit LPL (per year) £8,164 £8,424 £8,632
Upper profits limit UPL (per year) £45,000 £46,350 £50,000 Rate Below LPL 0% 0% 0% Between LPL and UPL 9% 9% 9% Above UPL 2% 2% 2% Note:
[1]Accrues entitlement to state pension and other contributory state benefits.Find more information at: gov.uk/national-insurance and gov.uk/government/publications/rates-and-allowances-national-insurance-contributions/rates-and-allowances-national-insurance-contributions
Apprenticeship levy
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Apprenticeship Levy
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The Apprenticeship Levy (AL) started on 6 April 2017 and applies to employers with a pay bill of over £3m. It is charged at the rate of 0.5% of the pay bill.
The ‘pay bill’ is amounts on which Class 1 secondary NIC is calculated, so runs from £nil, not from the lower earnings limit or NIC secondary threshold.
Employers are entitled to an annual levy allowance (LA) of £15,000 to set against the levy.
They can use one-twelfth of the levy allowance per tax month on a cumulative basis; unused levy allowance can be carried forward and used in a later month within the same year.
Connected employers, connected charities and single employers with more than one PAYE scheme have to decide at the start of the tax year how to share the LA between their PAYE schemes.
2017/18 2018/19 2019/20 Apprentice levy rate 0.5% 0.5% 0.5% Apprenticeship levy allowance £15,000 £15,000 £15,000 Find more information at: gov.uk/guidance/pay-apprenticeship-levy
Personal tax
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Income tax rates and allowances
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Rates [1] 2017/18 2018/19 2019/20 Basic rate of 20% on income up to... £33,500 £34,500 £37,500 Higher rate of 40% on income... £33,501 to £150,000 £34,501 to £150,000 £37,500 to £150,000 Additional rate of 45% on income £150,000 £150,000 £150,000 Starting rate of 0% for savings up to £5,000 £5,000 £5,000 Dividends: basic rate taxpayers 7.5% 7.5% 7.5% Higher rate taxpayers 32.5% 32.5% 32.5% Additional rate taxpayers 38.1% 38.1% 38.1% Trust rate 45% 45% 45% Trust rate on first £1,000 [2] 20% (7.5%) 20% (7.5%) 20% (7.5%) Trust rate on dividends 38.1% 38.1% 38.1% Notes:
[1] Different rates and thresholds apply to the earned income of Scottish taxpayers
[2] Rate on this band depends on the type of income: 7.5% on dividend income, 20% on all other incomeFind out more information at: gov.uk/government/publications
Personal allowances 2017/18 2018/19 2019/20 Personal allowance £11,500 £11,850 £12,500 Income limit for personal allowance [1] £100,000 £100,000 £100,000 Married couple's/civil partnership allowance [1, 2]
- Maximum amount £8,445 £8,695 £8,915 - Minimum amount £3,260 £3,360 £3,450 Income limit for married couples/civil partnership allowance £28,000 £28,900 £29,600 Marriage allowance [3] £1,150 £1,190 £1,250 Blind person's allowance £2,320 £2,390 £2,450 Trading allowance £1,000 £1,000 £1,000 Property allowance £1,000 £1,000 £1,000
Savings and investments 2017/18 2018/19 2019/20 Dividend allowance £5,000 £2,000 £2,000 Personal savings allowance - basic rate taxpayers £1,000 £1,000 £1,000 - higher rate taxpayers £500 £500 £500 - additional rate taxpayers £nil £nil £nil Notes:
[1] £1 reduction for every £2 of additional income over the income threshold.
[2] Relief at 10% if at least one of the couple was born before 06/04/35.
[3] The allowance is transferable between spouses or civil partners who were both born after 5 April 1935. It can only be transferred where neither the transferor nor the transferee is liable to income tax above the basic rate.Find more information at: gov.uk/topic/personal-tax/income-tax
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Capital gains tax (CGT)
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Tax rates - individuals 2017/18 2018/19 2019/20 Standard rate 10% 10% 10% Higher rate 20% 20% 20% Standard rate for gains on residential property and carried interest 18% 18% 18% Higher rate for gains on residential property and carried interest 28% 28% 28% Trust rate 20% 20% 20% Trust rate for gains on residential property 28% 28% 28% Exemptions 2017/18 2018/19 2019/20 Individuals, PRs and some trustees £11,300 £11,700 £12,000 Most trustees £5,650 £5,850 £6,000 Chattels exemptions: proceeds up to 1 £6,000 £6,000 £6,000 Notes:
[1] For consideration over £6,000 the chargeable gain is limited to five-thirds of excess over £6,000Rates for investors 2017/18 2018/19 2019/20 Entrepreneurs' relief
- Relief rate 10% 10% 10% - Lifetime limit £10m £10m £10m Investors' relief
- Relief rate 10% 10% 10% - Lifetime limit £10m £10m £10m Find more information at: gov.uk/topic/personal-tax/capital-gains-tax
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Inheritance tax (IHT)
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Rates 2017/18 2018/19 2019/20 2020/21 IHT nil rate £325,000 £325,000 £325,000 £325,000 Residence nil rate band (RNRB) [1] £100,000 £125,000 £150,000 £175,000 Lifetime rate 20% 20% 20% 20% Death rate 40% 40% 40% 40% Lower rate when 10% or more of estate is left to a charity 36% 36% 36% 36% Note:
[1] The RNRB is tapered by £1 for every £2 that the estate exceeds £2m.IHT reliefs for lifetime gifts 2017/18 2018/19 2019/20 Annual exemption £3,000 £3,000 £3,000 Small gifts £250 £250 £250 Marriage: - Parent £5,000 £5,000 £5,000 - Grandparent £2,500 £2,500 £2,500 - Bride/groom £2,500 £2,500 £2,500 - Other £1,000 £1,000 £1,000 Reduced tax charge on gifts within 7 years of death Years before death 0-3 3-4 4-5 5-6 6-7 % of death rate tax 100 80 60 40 20 Note: IHT free transfers from a UK domiciled spouse to a non UK domiciled spouse are restricted to an amount equivalent to the nil rate band. From April 2013 a non UK domiciled spouse can elect to be UK domiciled for IHT purposes.
Find more information at: gov.uk/inheritance-tax
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High income child benefit charge
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Child benefit is receivable by a person responsible for each child until they reach 16, or 20 if they stay in education or training.
If the person (or their spouse or partner) has adjusted net income above £50,000, the person with the highest income has an income tax charge.
If their adjusted net income is more than £60,000 a year, the tax charge equals the child benefit received and the charge is 1% of benefit for each £100 of income between £50,000 and £60,000. High income child benefit charge applies from January 2013.
2017/18 2018/19 2019/20 Eldest/only child £20.70 £20.70 £20.70 Other children £13.70 £13.70 £13.70 Find out more at: gov.uk/child-benefit-tax-charge/overview
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Remittance basis charge
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For an adult non-UK domiciliary after UK residence in:
2017/18 2018/19 2019/20 At least seven of the previous nine tax years £30,000 £30,000 £30,000 At least 12 of the previous 14 tax years £60,000 £60,000 £60,000 Note:
[1] From 6 April 2017 a non-UK domiciliary will be deemed domiciled after 15 out of 20 years residence in the UK. Before that a £90,000 charge applied from 2015/16 for those resident in at least 17 out of the previous 20 tax years.Find more information at: gov.uk/government
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Enterprise investment scheme (EIS)
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The enterprise investment scheme (EIS) is designed to help smaller high-risk trading companies to raise finance by offering a range of tax reliefs to investors who purchase new shares in those companies.
2017/18 2018/19 2019/20 Income tax relief 30% 30% 30% Limit of relief £1m £2m [1] £2m [1] EIS eligible for CGT deferral relief No limit No limit No limit Note:
1. Any amount over £1m must be invested in one or more knowledge-intensive companies
Find more information at: gov.uk/business-tax/investment-schemes
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Seed EIS (SEIS)
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SEIS is designed to help small, early-stage companies to raise equity finance by offering a range of tax reliefs to individual investors who purchase new shares in those companies.
It complements the existing enterprise investment scheme (EIS) which will continue to offer tax relief to investors in higher-risk small companies. SEIS is intended to recognise the particular difficulties which very early stage companies face in attracting investment, by offering tax relief at a higher rate than that offered by the existing EIS.
SEIS apply for shares issued on or after 6 April 2012. The rules have been designed to mirror those of EIS as it is anticipated that companies may want to go on to use EIS after an initial investment under SEIS.
2017/18 2018/19 2019/20 Income tax relief 50% 50% 50% Limit of relief £100,000 £100,000 £100,000 SEIS/CGT reinvestment relief 50% 50% 50% Find more information at: gov.uk/guidance/seed-enterprise-investment-scheme-background
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Venture capital trusts (VCTs)
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The VCT scheme is designed to encourage individuals to invest indirectly in a range of small higher-risk trading companies whose shares and securities are not listed on a recognised stock exchange.
VCT shares issued after 5 April 2006 need only be held for five years to retain the initial income tax relief and capital gains tax deferral.
2017/18 2018/19 2019/20 Relief 30% 30% 30% Limit of relief £200,000 £200,000 £200,000 Find more information at: gov.uk/topic/business-tax/investment-schemes
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Individual savings accounts (ISAs)
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ISAs are tax favoured savings and investment accounts that can be used to save cash, or invest in stocks and shares.
Income and gains on ISA investments are tax-free but capital losses cannot be used against non-ISA gains.
ISA limits 2017/18 2018/19 2019/20 Annual investment limit £20,000 £20,000 £20,000 Junior ISA/Child Trust Fund £4,128 £4,260 £4,368 Find more information at: gov.uk/individual-savings-accounts
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Pensions contributions
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2017/18 2018/19 2019/20 Annual allowance 100% of salary up to... [1, 2] £40,000 £40,000 £40,000 Money purchase scheme annual allowance £4,000 £4,000 £4,000 Permitted gross contribution (irrespective of salary) £3,600 £3,600 £3,600 Lifetime allowance £1m £1,030,000 £1,055,000 Annual allowance charge on excess 20-45% 20-45% 20-45% Tapered annual allowance threshold (applies to income including pension contributions over this threshold) 3 £150,000 £150,000 £150,000 Net income threshold [3] £110,000 £110,000 £110,000 Note:
[1] Unused relief can be brought forward from the previous three years and used after the current year allowance.
[2] Restricted to £4,000pa for all defined contribution schemes from the tax year after pension funds have been flexibly accessed.
[3] From 2016/17, the annual allowance is reduced by £1 for every £2 that adjusted income exceeds the threshold, up to a maximum reduction of £30,000. Where net income is below the net income threshold, the taper will not normally apply.Find more information at: gov.uk/tax-on-your-private-pension
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Student loan recovery
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Repayment plan 1
Rate or threshold 2017/18 2018/19 2019/20 Employee earnings threshold at which repayment of student loan begins £17,775 per year
£1,481 per month
£341 per week£18,330 per year
£1,527 per month
£352 per week£18,935 per year
£1,577 per month
£364 per weekRate of student loan deductions [1] 9% 9% 9% Notes:
[1] Only charged on income in excess of threshold.Repayment plan 2 (course started on or after 1 September 2012)
Rate or threshold 2017/18 2018/19 2019/20 Employee earnings threshold at which repayment of student loan begins £21,000 per year
£1,750 per month
£404 per week£25,000 per year
£2,084 per month
£480 per week£25,725 per year
£2,143 per month
£494 per weekRate of student loan deductions [1] 9% 9% 9% Postgraduate loans
Rate or threshold 2017/18 2018/19 2019/20 Employee earnings threshold at which repayment of student loan begins N/A N/A £21,000 Rate of student loan deductions [1] N/A N/A 6% Notes:
[1] Only charged on income in excess of threshold.Find more information at: gov.uk/new-employee/student-loans
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