09
Jul
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Viewing posts in category 'budget july 2015'
09
Jul
Business Tax and Investment Incentives – The Second Budget 8 July 2015
Business Tax and Investment Incentives
Corporation Tax
Corporation tax rates and bands are as follows:| Financial Year t |
|---|
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09
Jul
Capital taxes – The Second Budget 8 July 2015
Capital taxes
Capital gains tax (CGT)
| On chargeable gains | 2015/16 |
|---|---|
| Total taxable income and gains | |
| Up to £31,785 | 18% |
| From £3 |
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09
Jul
Tax and Travel – The Second Budget 8 July 2015
Tax and Travel
Car and fuel benefits
The taxable petrol and diesel car benefit is based on the car’s CO2 emissions. I
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09
Jul
Duties – The Second Budget 8 July 2015
Duties
Fuel Duty
The Chancellor announced that fuel duty will remain frozen at current levels for the rest of this year.Ai
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09
Jul
Income Tax and Personal Savings – The Second Budget 8 July 2015
Income Tax and Personal Savings
| Income tax | 2015/16 | 2014/15 |
|---|---|---|
| Basic rate band – income up to | £31,785 | £31 |
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09
Jul
The Second Budget 8 July 2015
A second Budget within a calendar year is highly unusual. Five years ago, in the run-up to the May 2010 General Election, th
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09
Jul
National Insurance – The Second Budget 8 July 2015
National Insurance Contributions (NICs)
| 2015/16 | Employee (primary) | Employer (secondary) | |
|---|---|---|---|
| Class 1 (not contracted out | |||
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09
Jul
National Minimum Wage – The Second Budget 8 July 2015
National Minimum Wage (NMW)
The NMW rates are as follows:| Age | 21 and over | 18-20 | 16 and 17 | Apprentice rate* |
|---|---|---|---|---|
| From 1 October 201 |
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09
Jul
Value Added Tax – The Second Budget 8 July 2015
Value Added Tax
| From | 1 Apr 2015 |
|---|---|
| Standard rate | 20% |
| VAT fraction | 1/6 |
| Reduced rate | 5% |
| Current Turnover Limits | |
| Registration &# | |
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