Scrutton Bland Tax Card 18-19

Selected Rates Basic Retirement Pension – Single person

£125.95 £201.45

– Couple

Pension Credit Standard Minimum Guarantee – Single person

£163.00 £248.80

– Couple

Capital Allowances Plant and Machinery Investment for use in Enterprise Zones, energy saving and environmentally beneficial equipment, new low CO 2 emission cars (up to 50g/km from 1/04/18), natural gas/hydrogen refuelling equipment. First Year allowance (FYA) 100% Annual Investment Allowance (AIA) – on first £200,000 of investment 100% Excludes cars and expenditure already qualifying for 100% FYA Writing Down Allowance on expenditure not qualifying for AIA or FYA: Long-life assets, integral features of buildings, cars over 110g/km from 1/6 April 2018 8% Other plant and machinery 18% Universal Credit (monthly rates) – Standard allowance for a single person (25 or over) is £317.82. The couple’s rate (where one or both are 25 or over) is £498.89. Universal Credit is being phased in gradually. National Living Wage Workers aged 25 and over – £7.83 from 1 April 2018. National Minimum Wage Age 21-24 18-20 16 and 17 Apprentices* From 1 April 2018 £7.38 £5.90 £4.20 £3.70 *Rate applies to apprentices under 19, or 19 and over in the first year of apprenticeship. New State Pension £164.35 Child Benefit is paid at £20.70 (first eligible child) or £13.70 (each subsequent child). Statutory Pay qualification – average weekly earnings (AWE) £116 or over. Sick (SSP) The standard rate is £92.05 per week for up to 28 weeks.  Maternity (SMP), Adoption (SAP), Shared Parental (ShPP) and Paternity (SPP) paid at the lower of £145.18 or 90% of AWE apart from first 6 weeks of SMP and SAP which are paid at 90% of AWE. SMP and SAP are payable for up to 39 weeks. ShPP is payable for up to the balance of the untaken SMP period. SPP payable for up to 2 weeks. Jobseeker’s Allowance is paid at £73.10 (single person – 25 or over) or £114.85 (couple – both 18 or over).

Corporation Tax Financial Year to

31 March 2019 31 March 2018

Corporation Tax rate

19%

19%

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