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Tax information

All taxation concerns are dealt with by the Inland Revenue. They can be contacted on an employer help-line: 0345 143143

Income Tax
The UK operates a progressive income tax scheme. There is a lower percentage of tax incurred on lower incomes and a higher percentage on higher incomes.

Tax Allowances
Approximately the first £4000 of earned income is tax free, and £6000 if married.

Corporate Tax
Small companies pay approximately a quarter of their taxable profit in tax and larger companies pay a third.

National Insurance
Generally employee and employer both pay approximately 10% of their top-line salary as National Insurance contributions. These payments are then used to financially assist the contributor should they become unemployed.

Value Added Tax (VAT)
This sales tax is levied on all goods except the following:

  • Food
  • Children’s Clothes
  • Children’s Shoes.
    The standard rate is 17.5% on top of the sales price.

    All VAT matters are dealt with by Customs and Excise, who have several office locations in Scotland

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