A Simple Guide To The Budget 2020

A Simple Guide To The Budget 2020

Dividend allowance The tax-free dividend allowance is unchanged at £2,000. Corporation tax The corporation tax rate will remain at 19%. Annual investment allowance Companies will be able to claim £1m as AIA for expenditure incurred from 1 January 2019 to 31 December...
Minimum Wage Increases

Minimum Wage Increases

The National Minimum Wage (NMW) and National Living Wage (NLW) are the legal minimum wage rates that must be paid to employees. Employers are liable to be penalised for not complying with the NMW and NLW rules. There are different levels of NMW and NLW, depending on...