The Chancellor Rishi Sunak presented his first Budget on Wednesday 11 March 2020. In his speech he stated ‘we are at the beginning of […]
Business tax
Corporation tax rates Corporation tax rates have already been enacted for periods up to 31 March 2021. The main rate of corporation tax is […]
Other matters
We cover some of the other matters from the Budget of 2020
Personal tax
The personal allowance The personal allowance is currently £12,500. Budget 2018 announced that the allowance will remain at the same level in 2020/21 and […]
Employment taxes
National Insurance thresholds The government has recently announced National Insurance thresholds for 2020/21. Most thresholds will rise with inflation. Two thresholds, however, will rise […]
Capital taxes
Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and […]
