Keltic Accounting

Tax

  • Protected: Scottish Rate Of Income Tax 2018-19

    For the first time since they were granted tax raising powers, the Scottish Government has introduced rates of income tax for Scottish residents who, up until now, would normally have paid basic rate tax.

    From 6 April 2018, a fairly complex five-tiered tax system will come into effect in Scotland.

    Name
    Rate
    Band

    Starter Rate
    19%
    Over £11,850†- £13,850

    Basic Rate
    20%
    Over £13,850 – […]

  • Making VAT digital pilot about to go live

    When?
    From 1 April 2019 VAT registered businesses with a turnover in excess of the VAT threshold – currently £85,000 – must start keeping their business records digitally.
    What?
    You must be ready to submit your VAT returns via MTD (making tax digital) compatible software. In practice that means the first VAT return due on or after 1 […]