Keltic Accounting

Business

  • National Living Wage & Minimum Wage Rates

    On 1 April 2020, the new National Living Wage (for employees aged 25 and over) and Minimum Wage (for employees aged 24 and under) rates will come into effect.

     

    Age
    Minimum Hourly Rate

    April 2019
    April 2020

    25 and over
    £8.21
    £8.72

    21 to 24
    £7.70
    £8.20

    18 to 20
    £6.15
    £6.45

    Under 18
    £4.35
    £4.55

    Apprentice rate (for apprentices under 19, or 19 or over but in 1st year of apprenticeship)
    £3.90
    £4.15

    The […]

  • 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 – […]