Below is a summary of the 2008/09 tax rates announced in today’s Budget speech
Income tax
0% income tax on first £5,435
20% income tax on earnings from £5,435 to £41,435 (0% effective rate for dividends)
40% income tax on earnings in excess of £41,435 (25% effective rate for dividends)
Self employed National Insurance
Class 2 increases to £2.30 per week
The […]
Self assessment taxpayers and agents authorised to act for them, can now change contact details online on the HMRC website.
From 6 February 2008, you can use the links within the ‘About your organisation’, ‘About you’ or ‘About your client’ pages.
Partnerships and their authorised agents can:
- change their main, communication and trade address; and
- change main […]
The Government has announced the increased rates of national minimum wage which will apply from 1 October 2008.
There are three levels of minimum wage, as follows:
• Adult rate for workers aged 22 years and older:
Currently £5.52 per hour – rising to £5.73 from 1 October 2008
• A youth rate for workers aged 18-21 inclusive:
Currently £4.60 […]