Title slide General info Corporate tax Property tax

Title slide General info Corporate tax Property tax Income tax Pensions Excise duties Taxes in Great Britain Made by: Oleg Kalmykov Anastasiya Alimova Sofya Shalamberidze Konstantin Kalinin

Title slide General info Corporate tax Property tax Income tax Pensions Excise duties General Info Schedular system (sources of income): trading income earnings&pensions property income savings&investment income dividends miscellaneous income Tax year: 6 April - 5 April

Title slide General info Corporate tax Property tax Income tax Pensions Corporate tax Total profit (GBP) Tax rate Less than 300. 000 21% 300. 000 – 1, 5 mln 21– 27% 300. 000 – 1, 5 mln 27% Excise duties

Title slide General info Corporate tax Property tax Income tax Pensions Excise duties Property income tax Value of property £ 0 -£ 125, 000 £ 125, 001£ 250, 000 £ 250, 001£ 925, 000 £ 925, 001£ 1, 500, 000 Above £ 1, 500, 001 Stamp duty rate 3% 5% 8% 13% 15% Capital Gains Tax payable depends on tax bracket which can be either 18% or 28%. Inheritance Tax. For an individual’s worth exceeds £ 350, 000 - 40% for the amount should be paid.

Title slide General info Corporate tax Property tax Income tax Pensions Excise duties Income tax Certain investments carry a tax favoured status including: UK Government Bonds (Gilts) Venture Capital Trusts National Savings and Investments Enterprise Investment Schemes Individual Savings Accounts (ISAs) Insurance bonds Pension funds Offshore trusts and companies

Title slide General info Corporate tax Property tax Income tax Band Taxable income Tax Rate Up to £ 11, 000 0% Basic rate £ 11, 001 to £ 43, 000 20% Higher rate £ 43, 001 to £ 150, 000 40% over £ 150, 000 45% Personal allowance Additional rate Exceptions Monarchy Special classes Charity Pensions Excise duties

General info Title slide Corporate tax Property tax Income tax Pensions Excise duties Pensions State Pension Additional State Pension The minimum you pay 0. 8% of your ‘qualifying earnings’, rising over time to 4% by April 2019 Time Pension Credit. The minimum your employer The government pays 1% of your ‘qualifying earnings’, 0. 2% of your ‘qualifying rising over time to 3% by April earnings’, rising over 2019 time to 1% by April 2019 Scheme Eligibility You were employed or claiming certain benefits 2002 to 2016 State second pension 1978 to 2002 State Earnings-Related Pension You were employed Scheme (SERPS) Your circumstances Guarantee Credit per week Savings Credit per week Single people Top up to £ 155. 60 Up to £ 13. 07 Couples Top up to £ 237. 55 Up to £ 14. 75

Title slide General info Corporate tax Property tax Income tax Pensions Excise duties £ 3. 79 for a pack 16. 5% of the retail price 57. 95 pence per litre Games of chance Tobacco Alcohol Beer £ 18. 3 Wine £ 85. 60 - 370. 41 Spirits £ 27. 66 Petrol Air travel Insurance Exceptions Freight transportation