2018/2019 Tax changes: what you need to know

We're in the 2018/2019 tax year now, and we've put together a brief summary of some of the most crucial changes for individual taxpayers.

It's mostly good news except if you buy a lot of sugary drinks or earn dividends.

Income Tax and the Personal Allowance

The annual tax-free personal allowance has increased to £11,850 from £11,500 last tax year.

You'll pay 20% income tax on the remainder of your income up to £46,350, this is up from last year's £45,000.

Pensions

Mandatory pension contributions for employers have also changed. You'll have to pay 3% of your salary towards your pension. It used to be 1%.

On the flipside: mandatory contributions from your employer are also increasing from 1% to 2%.

National Insurance

The National insurance rates stay the same but the limits increase so you'll pay a little bit less.

Starting from earnings above £8,164 you'll pay 12% for national insurance and 2% on any additional earnings above £46,350

Capital Gains

Capital gains earnings up to £11,700 are exempt from capital gains tax. It used to be £11,300.

Dividends

The tax-free annual allowance on dividends drops quite a bit. The first £2,000 of dividend income is now tax free. It used to be £5,000.

The Enterprise Investment Scheme

The amount that individuals can invest annually via the Enterprise Investment Scheme (EIS) has doubled to £2 million.

Sugary drinks will be more expensive

Last but not least: the so called "sugar tax" has now kicked in. Expect the prices of your favourite soft drinks to go up by 20p per litre.

Need help with your tax return?

Get your self assessment prepared for you online by certified accountants for £99

Online self assessment preparation assisted by professional accountants

How TaxScouts works

Simple online tax assessment

1. Simple online tax assessment

Our online tax-bot will go over your tax situation and will make sure you won’t overpay your taxes.

Chat to human advisors

2. Chat to human advisors

You can talk to one of our tax assistants at any time during the process when you have any questions.

We’ll sort your documents online

3. We’ll sort your documents online

We’ll tell you exactly what documents you need and sort them for you online. You just upload them or snap a picture with your phone.

Everything gets prepared for you

4. Everything gets prepared for you

Your certified accountant will go over your details & prepare your tax return for you to review. It will be filed on your behalf once you approve it.

"I will not shut up about you guys!"
Tax return filed within 24h for under £100. No forever back and forth emails. I am totally in love and recommending you to everyone. Fact!
Emilie
"Absolutely amazing service"
I've been worrying about my tax return for weeks and I'm so pleased I contacted TaxScouts. Outstanding service and problem solved.
Sandra S
"Smooth and easy process"
Smooth and easy process. Will use every year! Very helpful staff as well!
Oliver J W
Read all the reviews from our dear customers on TrustPilot

Who our service is for

First time tax filers

We have a simple online service that guides you through the entire process. Regardless of your reasons for doing your tax return we'll help you get it done right.

Construction workers

We'll prepare your self assessment and help to maximise your CIS tax refund. We have the lowest fees in the industry and you don't have to pay up front if you're eligible for a refund.

People living overseas

Our service allows people living abroad to prepare their income tax return online. We are able to process all returns regardless of your current country of residence.

Company directors

UK company directors are required to file their self assessment annually. TaxScouts handles this through a simple online process.

Landlords

Long Lets, Airbnb, Capital Gains. TaxScouts will sort out your self assessment and take away the worry of tracking all the recent tax changes.

Self-employed

TaxScouts ensures the self employed don't overpay on their taxes. We'll help you benefit from all the tax breaks and deductions that can be applied to your return.

And for everyone else who needs to do their self assessment

At TaxScouts we appreciate that tax returns are highly individual. Before you get assigned an accountant we make sure to understand your circumstances and help you build your optimal tax profile.

Let's start by creating your account

What happens next

  • We'll ask you a couple of short questions
  • Then we'll tell you what documents we need
  • Finally one of our qualified accountants will file your tax return
You are using an outdated web browser – TaxScouts works best with modern browsers. Please upgrade here.