UK self employed tax rates 2017/18 – at a glance!

The 2017/18 tax year in the UK runs from 6th April 2017 to 5th April 2018. Tax returns for this tax year are generally due by 31st January 2019. Here are some of the most common at-a-glance figures you might need for this tax year.

2017/18 Tax Rates for Self Employed in the UK

  • Tax Year:  6th April 2017 to 5th April 2018
  • Tax Return Deadline:  31st January 2019
  • Personal Allowance:  £11,500 (visit this page)
  • Basic Tax Rate:  20% (£11,501-£33,500)
  • Higher Tax Rate:  40% (£33,501-£150,000)
  • Personal Savings Allowance:  £1,000 (visit this page)
  • Trading Allowance:  £1,000 (visit this page)
  • Property Allowance:  £1,000 (visit this page)

2017/18 National Insurance Rates for Self Employed in the UK

  • Class 2 Small Profits Threshold:  £6,025
  • Class 2 Rate per week:  £2.85
  • Class 4 Lower Profits Threshold:  £8,164
  • Class 4 NI Rate:  9%
  • Class 4 Rate above £45,000:  2%
  • For full details and past rates visit this page

Other useful information for self employed in 2017/18 tax year

Please note that the above information is just intended as an ‘at-a-glance’ quick summary summary. Please visit the relevant links for full details. You should always seek professional guidance from a qualified accountant.

Andy Mac

Andy MacLellan has been self employed for over 20 years. In that time he's established a number of successful businesses and worked alongside some of the biggest corporate blue-chips on the planet. Now his life mostly revolves around YouTube and Podcasts.
Andy Mac