Minimum Wage More than two million workers will see their pay jump from April 19, as the National Living Wage jumps to £8.21 an hour. Personal tax The Conservatives’ manifesto pledge to increase personal allowances to £12,500 and the higher rate threshold to £50,000 will be implemented from April 2019, which is one year earlier […]

TRANSITION TO TAX AT SOURCE IN 2018 Currently, French tax residents pay income tax in the year following the year in which the income is received. With effect from 1 January 2018, a new system for collecting income tax will be introduced in France similar to that in the UK (PAYE). Income subject to this […]

Income Tax: personal allowance and basic rate limit for 2017 to 2018 From 6th April 2017 the personal allowance will increases to £11,500 for 2017/18. The basic rate limit will be increased to £33,500 for 2017/18. As a result, the higher rate threshold will be £45,000 in 2017 to 2018. National Living Wages From 1 […]

Dividend allowance reduction In April 2016, the Dividend Tax Credit was replaced with a £5,000 dividend allowance. At the same time the rate of tax on dividends was increased to 7.5% (basic rate), 32.5% (higher rate) and 38.1% (additional rate). With effect from 6 April 2018, the dividend allowance will reduce to £2,000. There are […]

Income tax Rates Tax-free personal allowance will be raised from £10,600 to £11,000 next year, as a step towards a target of £12,500. Threshold for 40% rate raised from £42,385 in this tax year to £43,000 in 2016-17, on its way to the £50,000 target. Dividends Dividend tax credit will be replaced by a new […]

The Conseil d’État ruling of 27 July 2015 on the de Ruyter case, following the judgment of 26 February 2015 by the Court of Justice of the European Union, has called into question the levying of social security contributions on capital income arising in France of individuals insured under a social security scheme in another […]

VAT rule change from 1 January 2015 for digital services On 1 January 2015 the VAT rules for cross-border B2C supplies of ‘digital services’ (i.e. broadcasting, telecoms and e-services) will change. From that date, VAT must be accounted for in the member state where the customer normally lives, rather than where the supplier of the […]

What is VAT? VAT (Value Added Tax) is a tax that is charged on most goods and services that VAT registered businesses provide in the United Kingdom (UK). It’s also charged on goods and some services that are imported from countries outside the European Union (EU), or brought into the UK from other EU countries. […]