To The Blog

You are here


04 Dec

Budget 2018 - Duties

Budget 2018 - DUTIES

The following duties remain unchanged:

 • fuel duty

 • beer, and still and lower-strength cider

 • spirits

 • short-haul air passenger duty.

The following duties will increase by inflation (as measured by RPI) with effect from 1 February 2019:

 • wine

 • high-strength cider.

Continue Reading
21 Nov

Budget Report 2018 - Personal News

Personal Allowance

The personal allowance increases from £11,850 to £12,500 from 6th April 2019.  The allowance will also remain at this level for the 2020/21 tax year.

Basic-Rate Band

The basic-rate limit increases from £34,500 to £37,500 from 6th April, 2019.

Consequently, this will increase the higher-rate tax threshold from £46,350 to £50,000.  This limit will remain in place for the 2020/21 tax year.

Starting-Rate Band

The starting rate band for savings will remain at £5,000 for the 2019/20 tax year.

Continue Reading
15 Nov

Budget Report 2018 - Business News

To understand how announcements made in the Budget on 29th October, 2018 will affect your financial situation, read on....

Corporation Tax

The main rate of corporation tax remains at 19% for 2019/20.

The intention to cut the rate of corporation tax to 17% in 2020/21 was reiterated.

Annual Investment Allowance

The annual investment allowance will be temporarily increased from £200,000 to £1M for a two-year period from 1st January, 2019.

Continue Reading