National Insurance Contributions (Table D) Class 1 (Employees) Employee Employer Main NIC rate 12% 13.8% No NIC on first £166pw £166pw Main rate* charged up to £962pw no limit 2% rate on earnings above £962pw N/A Employment allowance per qualifying business N/A £3,000 *Nil rate of employer NIC for employees under the age of 21 […]
Read More…Welcome to Hills & Peeks
About Us
We are professionally qualified number crunchers and have a wealth of knowledge about your industry. Whether you’re a creative individual, a business, an entrepreneur or needing advice with your personal taxes, we know how to help you make the most of your opportunities.
Hills and Peeks is a well-established business based in Worthing, West Sussex. Over the years we have built up our firm by providing a high quality, efficient and very personable service – resulting in our reputation for hard work, integrity and professionalism. Our clients come from a variety of business sectors and are based all over the UK and internationally. They range from sole traders, businesses and limited companies to events and festival organisers.
News
Income Tax Rates and Allowances
Income Tax Rates and Allowances (Table A) Main allowances 2019/20 2018/19 Personal Allowance (PA) £12,500 £11,850 Blind Person’s Allowance 2,450 2,390 Rent a room relief 7,500 7,500 Trading income 1,000 1,000 Property income 1,000 1,000 *PA will be withdrawn at £1 for every £2 by which adjusted income exceeds £100,000. There will therefore be no […]
Read More…Tax Administration
Making Tax Digital for VAT The majority of businesses with VATable turnover above the £85,000 registration threshold will be required to maintain their VAT records using functional compatible software from the first VAT return period starting on or after 1 April 2019. It was announced during October that a limited range of more complex businesses […]
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BBC Business
- Airbnb removes Israeli West Bank settlement listings November 19, 2018The US firm says it will take home rentals in Israeli settlements on occupied land off its website.
- Brexit plan will stop EU migrants 'jumping the queue' - May November 19, 2018The PM stresses immigration changes in a CBI speech - amid the threat of a leadership challenge.
- Wall Street sees red as tech shares plunge November 19, 2018Apple falls on a report it has cut iPhone orders; US-China trade fears weigh on stocks.
- TalkTalk hack attack: Friends jailed for cyber crimes November 19, 2018Matthew Hanley, 23, and Connor Allsopp, 21, accessed customers' information during the cyber attack.