[vc_row type=”container” padding_top=”” padding_bottom=””][vc_column][vc_column_text]

UK tax year date : 6th April 2018 – 5th April 2019
Income Tax Rates	2018 – 19
Starting rate for savings	0%   £0 – £5,000
Basic  tax rate	20%   £0 – £34,500
Higher tax rate	40%   Over £34,500
Additional rate	45% Over £150,000
Basic rate on dividend Income	7.50%
Higher rate on dividend income	32.50%
Additional rate on dividend income	38.10%
Starter rate Scottish taxpayers	19%  £0 –  £2,000
Basic  tax rate Scottish taxpayers	20%  £2001 – £12,150
Intermediate rate Scottish taxpayers	21%  £12,151 – £31,580
Higher tax rate Scottish taxpayers	41%   £31,581 – £150,000
Top  rate Scottish taxpayers	46%  Over £150,000
Income Tax Allowances	2018 – 19
Personal allowance	£11,850
Income limit for age-related allowances	£28,900
Married couple’s allowance born before 6 April 1935	£8,695
Minimum amount of married couple’s allowance	£3,360
Blind person’s allowance	£2,390
Rent a room tax free income	£7,500
Dividend allowance	£2,000
Property Allowance	£1,000
Trading Allowance	£1,000
Reduced tax allowances by £1 for every £2 income over	£100,000

[/vc_column_text][/vc_column][/vc_row][vc_row type=”container” padding_top=”” padding_bottom=””][vc_column][vc_column_text]

Corporation Tax	2018 – 19
All profit	19%
Capital Gains Tax	2018 – 19
Individuals – investment that is not property Individuals – second home/buy to let property	10% basic and 20% higher 18% basic and 28% higher
Trust	20%
Qualifying Entrepreneurs’ Relief	10%
Annual Exemption/ relief
Individuals	£11,700
Trust	£5,850
Inheritance Tax	2018 – 19
Nil band	£325,000
Residence Nil band	£125,000
Lifetime transfers	20%
Transfer within 7 years of death	40%
If more than 10% of net estate left to charity	36%

[/vc_column_text][/vc_column][/vc_row][vc_row type=”container” padding_top=”” padding_bottom=””][vc_column][vc_separator color=”#1e73be” type=”full_width” thickness=”” up=”” down=””][/vc_column][/vc_row][vc_row type=”container” padding_top=”” padding_bottom=””][vc_column][vc_column_text]

Irish tax rates, bands and reliefs

The following tables show the tax rates, rate bands and tax reliefs for the tax year 2018 and the previous tax years.

Rates and bands for the years 2014 to 2018

Personal circumstances	2018 €	2017 €	2016 €	2015 €	2014 €
Single, widowed or a surviving civil partner without qualifying children	€34,550 @ 20%, balance @ 40%	€33,800 @ 20%, balance @ 40%	€33,800 @ 20%, balance @ 40%	€33,800 @ 20%, balance @ 40%	€32,800 @ 20%, balance @ 41%
Single, widowed or a surviving civil partner qualifying One Parent Family Tax Credit (2013), Single Person Child Carer Credit (2014)	€38,550 @ 20%, balance @ 40%	€37,800 @ 20%, balance @ 40%	€37,800 @ 20%, balance @ 40%	€37,800 @ 20%, balance @ 40%	€36,800 @ 20%, balance @ 41%
Married or in a civil partnership (one spouse or civil partner with income)	€43,550 @ 20%, balance @ 40%	€42,800 @ 20%, balance @ 40%	€42,800 @ 20%, balance @ 40%	€42,800 @ 20%, balance @ 40%	€41,800 @ 20%, balance @ 41%
Married or in a civil partnership (both spouses or civil partners with income)	€43,550 @ 20% (with an increase of €25,550 max), balance @ 40%	€42,800 @ 20% (with an increase of €24,800 max), balance @ 40%	€42,800 @ 20% (with an increase of €24,800 max), balance @ 40%	€42,800 @ 20% (with an increase of €24,800 max), balance @ 40%	€41,800 @ 20% (with an increase of €23,800 max), balance @ 41%

Note: The increase in the rate band is capped at €25,550 or the amount of the income of the lower earner. This increase cannot be transferred between spouses or civil partners.

Credits, allowances and reliefs for the years 2014 to 2018

Personal circumstances	2018 €	2017 €	2016 €	2015 €	2014 €
Single Person	1,650	1,650	1,650	1,650	1,650
Married Person or Civil Partner	3,300	3,300	3,300	3,300	3,300
Widowed Person or Surviving Civil Partner with dependent child(ren)	1,650	1,650	1,650	1,650	1,650
Widowed Person or Surviving Civil Partner without dependent child(ren)	2,190	2,190	2,190	2,190	2,190
Widowed Person or Surviving Civil Partner – bereavement year	3,300	3,300	3,300	3,300	3,300
Widowed Parent 1st year after death	3,600	3,600	3,600	3,600	3,600
Widowed Parent 2nd year after death of spouse or civil partner	3,150	3,150	3,150	3,150	3,150
Widowed Parent 3rd year after death of spouse or civil partner	2,700	2,700	2,700	2,700	2,700
Widowed Parent 4th year after death of spouse or civil partner	2,250	2,250	2,250	2,250	2,250
Widowed Parent 5th year after death of spouse or civil partner	1,800	1,800	1,800	1,800	1,800
One Parent Family Tax Credit	0	0	0	0	0
Single Person Child Carer Credit	1,650	1,650	1,650	1,650	1,650
Age Tax Credit if single, widowed or surviving civil partner	245	245	245	245	245
Age Tax Credit if married or in a civil partnership	490	490	490	490	490
Home Carer’s Tax Credit (max.)	1,200	1,100	1,000	810	810
Employed Person taking care of an incapacitated individual (max.)	75,000	75,000	75,000	50,000	50,000
Employee PAYE Tax Credit	1,650	1,650	1,650	1,650	1,650
Earned Income Tax Credit (max.)	1,150	950	550	0	0
Incapacitated Child Tax Credit	3,300	3,300	3,300	3,300	3,300
Incapacitated Child Tax Credit – income limit of child	0	0	0	0	0
Dependent Relative	70	70	70	70	70
Dependent Relative Income Limit	14,753	14,504	14,060	13,904	13,837
Blind Tax Credit – single person	1,650	1,650	1,650	1,650	1,650
Blind Tax Credit – one spouse or civil partner blind	1,650	1,650	1,650	1,650	1,650
Blind Tax Credit – both spouses or civil partners blind	3,300	3,300	3,300	3,300	3,300
Guide Dog – allowance	825	825	825	825	825
Revenue Job Assist Year 1 (additional for each child)	0	0	0	0	3,810 (1,270)
Revenue Job Assist Year 2 (additional for each child)	0	0	0	2,540 (850)	2,540 (850)
Revenue Job Assist Year 3 (additional for each child)	0	0	1,270 (425)	1,270 (425)	1,270 (425)
Rent Tax Credit aged <55/55 and over, single	0	40/80	80/160	120/240	160/320
Rent Tax Credit aged <55/55 and over, married or in a civil partnership	0	80/160	160/320	240/480	320/640
Rent Tax Credit aged <55/55 and over, widowed person or surviving civil partner	0	80/160	160/320	240/480	320/640
Interest – first-time buyers (allowable for first 7 years) single (max.)	10,000	10,000	10,000	10,000	10,000
Interest – first-time buyers (allowable for first 7 years) married or in a civil partnership	20,000	20,000	20,000	20,000	20,000
Interest – first-time buyers (allowable for first 7 years) widowed person or surviving civil partner	20,000	20,000	20,000	20,000	20,000
Interest – non-first-time buyers single person (max.)	3,000	3,000	3,000	3,000	3,000
Interest – non-first-time buyers married or in a civil partnership	6,000	6,000	6,000	6,000	6,000
Interest – non-first-time buyers widowed person or surviving civil partner	6,000	6,000	6,000	6,000	6,000
Tax Rate: Schedule F (WH = Withholding Tax)	20% WH	20% WH	20% WH	20% WH	20% WH
Tax Rate: Special Savings Account (SSA)	37%	39%	41%	41%	41%
Max. liability on deposit interest	37%	39%	41%	41%	41%

[/vc_column_text][/vc_column][/vc_row][vc_row type=”container” padding_top=”” padding_bottom=””][vc_column][vc_column_text]

Standard Company Rates of Tax

12.5 % for all trading companies

25% for investment and/or rental income

Capital Gains Tax

The rate of capital gains tax for individuals and trusts is 33%. (Effective for disposals made on or after 6 December 2012) with additional discounts available to entrepreneurs who re-invest their investment income back into a business.[/vc_column_text][/vc_column][/vc_row][vc_row type=”container” padding_top=”” padding_bottom=”” el_class=”shadow” css=”.vc_custom_1445010065692{margin-right: 15px !important;margin-bottom: 20px !important;margin-left: 15px !important;}” el_id=”request-call-back”][vc_column width=”1/2″ css=”.vc_custom_1444955234590{margin-bottom: 35px !important;padding-top: 25px !important;padding-right: 45px !important;padding-left: 45px !important;}”][vc_column_text]

Request a Call Back

[/vc_column_text][vc_separator color=”#6bc3f0″ type=”small” position=”center” thickness=”1″ up=”” down=”” css=”.vc_custom_1444924071016{margin-top: 15px !important;}”][vc_column_text css=”.vc_custom_1530790986777{padding-top: 35px !important;}”]Would you like to speak to one of our Accountants over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

For Businesses: Do you have questions about how BMC Accounting Ltd can help your company? Send us an email and we’ll get in touch shortly, or phone +442830256100  between 09:00 and 17:30 Monday to Friday — we would be delighted to speak.

Note: Your details are kept strictly confidential as per our Privacy Policy.

[/vc_column_text][/vc_column][vc_column width=”1/2″ css=”.vc_custom_1444925441546{border-top-width: 1px !important;border-right-width: 1px !important;border-left-width: 1px !important;padding-top: 45px !important;padding-right: 45px !important;padding-bottom: 85px !important;padding-left: 45px !important;background-color: #f5f5f5 !important;border-left-color: #ffffff !important;border-left-style: solid !important;border-right-color: #ffffff !important;border-right-style: solid !important;border-top-color: #ffffff !important;border-top-style: solid !important;}”]

[/vc_column][/vc_row]