TAX TABLES

Download this information as a PDF 2017

CORPORATION TAX

Rates for financial years starting on 1 April

The measure sets the CT main rate for each year from the financial year beginning 1 April 2017 to the financial year beginning 1 April 2020, reducing the CT main rate to 17% by 2020.

Rate 1 April 2016 1 April 2017-2018-2019 1 April 2020
Main rate
(all profits except ring fence profits)
20% 19% 17%
  • Corporation Tax balance due within the 9 months after ARD.
  • CT600 & Financial statements have to be filed within 12 months after ARD
  • Financial statements have to be filed with the Companies House within 10 months after ARD.

VALUE ADDED TAX (VAT)

Rate % VAT What the rate applies to
Standard 20% Most goods and services
Reduced 5% Some goods and services, eg children’s car seats and home energy
Zero rate 0% Zero-rated goods & services, eg food products not transformed and children’s clothes

Registration to UK VAT :

To get a UK VAT number is not linked to the registration of your new company. A specific procedure with the HMRC is required to apply for it.

Compulsory registration :

  • UK sales > GBP 85 000 per year 2017
  • Distance selling > GBP 70 000 per year

VAT n° format

GB + 9 figures

Dates de déclarations :

You usually submit a VAT Return to HM Revenue and Customs (HMRC) every 3 months.

BE AWARE !

The taxable rate applicable to a company for profits is mainly due to its place of registration but the Tax Office will also take into consideration in case of Tax Control the reality of the activity : existing premises, local clients, local employees, where the work is done, place of living of directorship...

INCOME TAX 2017-2018

Income Tax is deducted at source in the UK, directly on the payslip on a monthly basis as per the Tax code allocated by HMRC to each UK resident.

Taxable Income

Rate Taxable Income
Personnal Allowance 0% Up to £11 500
Basic rate 20% £11 501 to £45 000
Higher rate: 40% £45 0001 to £150 000
Additional rate 45% Over £150 000

Income Tax Allowances

Income Tax allowances 2017/2018
Personal Allowance £11 500
Minimum amount of married couple’s allowance £3 260
Blind Person's Allowance £2 320
Child Benefit– First child £20.70 weekly
Child benefit—Additionnal children £13.70 weekly

DOUBLE TAX AGREEMENT France - United Kingdom

This agreement aims at reducing double taxation as per your residency & domiciliation status :

  • If you benefit from a non resident status, Income Tax is not deducted through PAYE scheme in the UK.
  • Income Tax paid in the UK can be deducted in France from French Income Tax due on your worldwide incomes.
    • IMPOTS SOCIETES

      • Some expenses may not be deductible on a Tax Point of view & be reintegrated before calculating Corporation Tax.
      • Directors have to declare if they own other companies & this may modify the way the Corporation Tax is calculated.