Accountancy Fellowship 01202 757385 Chartered Accountants 13 Queens Road, Bournemouth
Tax Data Budgets Tips and Advice

Print Page

~ Accounts ~ Business Tax ~ Personal Tax ~ Tax Planning ~ Financial Planning & Budgeting ~ Company Incorporation ~ Business Start Ups ~ V.A.T. Registrations ~ Bookkeeping ~ Payroll & P.A.Y.E. ~ C.I.S. ~ Tax Investigation Defence ~

Accountancy Fellowship is the trading name of  “Accountancy Fellowship Limited” incorporated in England and Wales. Registration No. 6036328

© Copyright:    Accountancy Fellowship Ltd

Email us with a U.K. tax question

HMRC INVESTIGATION

Back to Budgets

Budget 29 October 2018

 BRIEF HIGHLIGHTS OF TAX CHANGES:

> Personal income tax allowance for 19/20 to be £12,500;

> Higher rate (40%) threshold for 19/20 up to £50,000;

> Vat Registration threshold to be held at £85,000 for a further two years to April 2022;

> Duty rates on beer, most ciders and spirits will be frozen.  W.e.f 6pm 29 October 2018 Tobacco duties up by 2% over inflation;

> Fuel duty frozen again;

> Stamp duty relief for first time buyers – No duty on purchases of up to £300,000 and first £300,000 of purchases up to £500,000 free of duty to be extended to include qualifying shared ownership property purchasers;

> Annual Investment Allowance increased to £1 million for all qualifying investments made 1 January 2019 to 31 December 2020.

Back to Budgets