Other UK budget news

26th November 2018 | Posted in: Business Tax, Government Announcements, Pensions, Savings & Investments, Personal Tax
  • The annual ISA investment limit increased to £20,000 from 6 April 2017 and remains at that level for 2019/20. Dividends on shares held within an ISA continue to be tax free
  • As previously announced the current Corporation tax rate of 19% rate is scheduled to reduce to 17% from 1 April 2020
  • The much rumoured further restriction in pension tax relief failed to materialise
  • A new tax on plastic packaging will be introduced
  • Depending on Brexit negotiations, there may be a further budget in March 2019
  • There will be tougher measures on tax avoidance
  • A new digital services tax, targeting the Silicon Valley internet groups such as Amazon and Facebook, will be introduced by 2020

No changes to UK tax rates and dividend tax

Personal allowance and UK higher rate tax limit increased early

Photo by Fredrik Rubensson under the licensing of Creative Commons Licence

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