Dates & deadlines
01 April 2019
Corporation tax payment
Corporation tax payment due for year end 30 June 2018, for those companies not liable to pay their liability by instalments.
Measure of business rates changes
All future business rates are now determined by the Consumer Prices Index measure of inflation.
Making Tax Digital
MTD for VAT gets under way
06 April 2019
National insurance to be paid on termination payments in excess of £30,000.
Residence nil-rate band
Residence nil-rate band increases from £125,000 to £150,000.
Buy-to-let finance costs
Percentage of finance costs deductible from rental income reduces to 25%. Percentage of basic rate reduction is 75%.
Lifetime pension allowance
Lifetime pension allowance increases to £1.055 million.
Capital gains tax allowances
Capital gains tax annual allowance for individuals increases to £12,000; and to £6,000 for trustees.
Annual Junior ISA limit rises to £4,368.
National living wage
National living wage increases from £7.83 to £8.21 an hour for over-25s.