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  • Report finds that businesses are being harmed by fake online reviews

    Latest News
    Although most buyers find product and service reviews to be valuable, dishonest practices are harming both businesses and consumers, a new report has found. ...
  • UK returns to positive inflation after just one month

    Latest News
    The UK's inflation rate, as measured by Consumer Prices Index (CPI), rose to 0.1% in May, having been at -0.1% in the previous month. ...
  • Statistics show employment rise in 2015

    Latest News
    The Office for National Statistics (ONS) has released figures showing that UK employment rates were up between February and April compared to the three months to January 2015. ...
  • OBR casts doubt on Chancellor's surplus law

    Latest News
    The Office for Budget Responsibility (OBR) has said that Government spending policies are expected to 'widen' the budget deficit in the medium to long term, largely because of the ageing population. ...
  • Chancellor to commit future governments to new 'budget surplus' rule

    Latest News
    Chancellor George Osborne has announced plans to introduce a new 'fiscal settlement' rule, which will commit future governments to run a budget surplus. ...
  • UK trade deficit narrows to £1.2bn

    Latest News
    The UK trade deficit fell to £1.2bn in April from £3.1bn in March, according to figures released by the Office for National Statistics (ONS). ...
  • Businesses need more support to protect their intellectual property

    Latest News
    The Federation of Small Businesses (FSB) is calling on the Government to do more to promote awareness of its Intellectual Property services, after new research found that firms are struggling to protect their ideas and inventions. ...
  • Plans to extend free childcare are brought forward

    Latest News
    The Government has brought forward its plans to double free childcare for working parents, with the scheme due to begin rolling out to parts of the country in September 2016, a year earlier than originally planned. ...
  • Boost for retailers as sales growth exceeds expectations

    Latest News
    The latest CBI survey of UK retailers has found that growth in sales has accelerated at a faster than expected rate in the year to May. ...
  • Banks paying less corporation tax, study shows

    Latest News
    According to research by Cambridge Judge Business School, the amount of corporation tax paid in the UK by the biggest banks has fallen in recent years despite reports of improved profits. ...
  • Government Start-Up Loan Scheme

    Business Manager
    Start-up loans of up to £25,000 can be offered to people of all ages who are starting a new business, or are in their first year of trading. More than one director/owner of the business can apply for this loan as it is a personal loan agreed with th...
  • Introduction

    Tax Data 2015 - 2016
    Our Tax Rates Centre provides a summary of some of the essential tax rates, dates and figures for 2015/16. 2015/16 Tax Rates Centre is for guidance only and professional advice should be obtained before acting on any information contained as no resp...
  • Income Tax

    Tax Data 2015 - 2016
    Income tax rates Note 2015/16 2014/15 Basic rate band - income up to £31,785 £31,865   Starting rate for savings income *0% *10%   Basic rate 20% 20%  ...
  • Capital Gains Tax

    Tax Data 2015 - 2016
    Capital gains tax rates and bands for 2015/16 On chargeable gains   Total taxable income and gains:        up to £31,785      ...
  • Corporation Tax

    Tax Data 2015 - 2016
    Up until 31 March 2015 there were two rates of corporation tax and one effective marginal rate. From 1 April 2015 the main rate and the small profits rate have been unified and are set at 20%. Corporation tax rates and bands are as follows: ...
  • Capital Allowances

    Tax Data 2015 - 2016
    Plant and Machinery: Investment for use in Enterprise Zones, energy saving and environmentally beneficial equipment, new zero-emission goods vehicles, low CO2 emission (up to 75g/km) cars, natural gas/hydrogen refuelling equipment: ...
  • Value Added Tax

    Tax Data 2015 - 2016
    From 1 April 2015 Standard rate 20% VAT fraction 1/6 Reduced rate 5% Taxable Turnover Limits Registration - last 12 months...
  • Inheritance Tax

    Tax Data 2015 - 2016
      2015/16 2014/15 Standard threshold £325,000 £325,000 Combined threshold maximum for married couples and civil partners £65...
  • Vehicle Benefits

    Tax Data 2015 - 2016
    Chargeable on employees earning £8,500 or over (including benefits), and directors. Car Benefit Car Fuel Benefits Company Vans Car Benefit The taxable benefit is calculated as a percentage of the list price of the car, on the day before i...
  • Mileage Allowances

    Tax Data 2015 - 2016
    It is quite normal practice for employees to be reimbursed at a reasonable mileage rate for business use of their own vehicles. The income tax and national insurance contributions (NICs) position is as follows: A statutory system of Ap...

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