Tax Data Guide 2020/21 (Corporation tax, Stamp taxes, Car benefit, Capital allowances, Value added tax & Investment reliefs)
Corporation tax Financial year to 31/03/2021 31/03/2020 Rate 19% 19% Stamp taxes Shares and marketable securities 0.5%³ Transfers of land and buildings₄ Residential (on band of consideration)₅,₆,₇ £0 – £125,000 0% £125,001 – £250,000 2% £250,001 – £925,000 5% £925,001 …Read More
Tax Data Guide 2020/21 (Income tax allowances, Income tax rates, NI, Inheritance tax, Tax-free mileage allowance, Capital gains tax & Individual savings accounts)
Income tax allowances Rates 2020/21 2019/20 Personal allowance £12,500 £12,500 Income limit £100,000 £100,000 Transferable marriage allowance £1,250 £1,250 Married couple’s allowance (relief at 10%) Either partner born before 6.4.1935 £9,075 £8,915 Income limit £30,200 £29,600 Minimum where income exceeds …Read More
Self employed income support scheme (SEISS)
The self-employed income support scheme (SEISS) will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next three months during this coronavirus pandemic. This may be …Read More
CUSTOMER REVIEWS
MARTAX ACCOUNTANTS CUSTOMER REVIEWS
