UK Tax Rates 2017-18

Follow us @Scopulus_News UK tax year date : 6th April 2017 - 5th April 2018
Income Tax Rates	2017 - 18
Starting rate for savings	0% £0 - £5,000
Basic tax rate	20% £0 - £33,500
Basic tax rate Scottish taxpayers	20% £0 - £31,500
Higher tax rate	40% Over £33,500
Higher tax rate Scottish taxpayers	40% Over £31,500
Additional rate	45% Over £150,000
Basic rate on dividend Income	7.50%
Higher rate on dividend income	32.50%
Additional rate on dividend income	38.10%

Income Tax Allowances	2017 - 18
Personal allowance	£11,500
Income limit for age-related allowances	£28,000
Married couple's allowance born before 6 April 1935	£8,455
Minimum amount of married couple's allowance	£3,260
Blind person's allowance	£2,320
Rent a room tax free income	£7,500
Dividend allowance	£5,000

Reduced tax allowances by £1 for every £2 income over	£100,000

National Insurance	2017 - 18
LEL per week	£113
UEL per week	£866
Primary Threshold per week	£157
Secondary Threshold per week	£157
Employee - between PT - UEL (A)	12%
Employee - Over UEL	2%
Employers class 1 over ST	13.8%
Employment Allowance	£3,000

Corporation Tax	2017 - 18
All profit	19%

Capital Gains Tax	2017 - 18
Individuals	10% and 20%
Trust	20%
Qualifying Entrepreneurs' Relief	10%
Annual Exemption/ relief
Individuals	£11,300
Trust	£5,650

Inheritance Tax	2017 - 18
Nil band	£325,000
Residence Nil band	£100,000
Lifetime transfers	20%
Transfer within 7 years of death	40%
If more than 10% of net estate left to charity	36%