News Tag Results for "Autumn Budget 2018"

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Autumn Budget 2018 - Budget summary for small businesses

The Chancellor confirmed that the Government would meet its manifesto pledge of raising the personal tax allowance to £12,500 and the basic rate threshold to £50,000 within the current ... more


Autumn Budget 2018 - IR35 Changes

To increase compliance with the existing off-payroll working rules (known as IR35) in the private sector, businesses (ie the contractor) using the services of an individual operating through a Limi... more


Autumn Budget 2018 - Personal allowance and income tax threshold

The personal allowance for 2019/20 is set at £12,500 (£11,850 in 2018/19) The basic rate limit will be increased to £37,500 (£34,500 in 2018-19). As a result, the hi... more


Autumn Budget 2018 - Savings - allowance and tax rate

The 0% band for the starting rate for savings income will be retained at its current level of £5,000 for 2019/20 and will not be up-rated in line with inflation. For 2019/20, the persona... more


Autumn Budget 2018 - tax treatment of expenses for unpaid officeholders

The government will legislate in Finance Bill 2019/20, so that expenses paid or reimbursed to unpaid office-holders are exempt from income tax when incurred because of their voluntary duties. This ... more


Company vans update

A charge of income tax will generally arise if a company van is made available, by reason of employment, to an employee or a member of their family or household. It must be made available without a... more