Testimonials

"Accounting Help have provided me with very professional support in all financial aspects of setting up and running my consultancy business in digital product design. They support my specific accountancy requirements and my needs to learn from them with expertise and patience which I greatly admire and appreciate. I can highly recommend their services to anyone seeking to run a dynamic business."

Ben Stewart - Caution Your Blast Ltd

Accounting Help

Tax Rates

Income tax 2013-14 2014-15
Tax-free personal allowance (under 65) £9,440 £10,000
Basic rate: 20% £0 - £32,010 £0 - £31,865

Higher rate: 40%(dividends: 32.5%)

£32,011 - £150,000

£31,866  - £150,000

Additional rate: (dividends: 42.5%)

Over £150,000

(45%)

Over £150,000

(45%)

Capital Gains 2013-14 2014-15
Annual Exempt Amounts for individuals £10,900 £11,000
Corporation tax (rates for financial years starting on 1st April) 2014 2015
First £300,000 20% 20%

Next £1,200,000

23.75% 21.25%
Over £1,500,000 23% 21%

Tax credit on dividends (basic rate taxpayer)

10% 10%
Approved HMRC mileage rates First 10,000 business miles in the tax year Each business mile over 10,000 in the tax year
Cars & vans 45p 25p

Motor cycles

24p 24p
Bicycles 20p 20p
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