Colin Wilks & Co Limited Chartered Certified Accountants

Welcome to Colin Wilks & Co Limited

Colin Wilks & Co Limited has a growing reputation as one of the region's most effective accountancy firms for individual clients and businesses.

Personal Tax rates 2025-26

Basic rate 20%

Higher rate 40%

Additional rate 45%

Corporation Tax 2025-2026

Profits up to £50,000 19%

Profits from £50,001

to £249,999 26.5%

Profits over £250,000 25%

Profit limits are shared between associated companies & pro-rated for accounting periods of less than 12 months

VAT 2025-26

Registration threshold £90,000

VAT Rate 20%

Personal Allowances & Tax Bands 2025-26

Basic personal allowance £12,570

Basic rate band £12,571- £50,270

Higher rate tax band £50,271 +

National Insurance Limits 2025-26

Lower earnings limit £6,500

Primary threshold £12,570

Secondary threshold £9,100

Upper earnings limit £50,270

National Insurance Rates 2025-26

Employees 8.0% of earnings between the Primary threshold and the Upper earnings limit, then 2.0% of any further earnings

Employers 15.0% of earnings above the Secondary threshold

Self Employed: 6% of profits between £12,570 and £50,270 then 2% on the remainder. If profits are below £6,725 you can pay voluntary class 2 contribuitions to maintain your National Insurance record which cost £3.45 per week. If your profits are above £6,725 you are deemed to be paying Class 2 contributions without actually paying them.

Our firm expertly attends to all your taxation and business queries. Thanks to the established expertise of our team, our dedication and many years of experience in consulting and assessment, we can offer you support that you can rely on both with routine matters and one-off decisions.

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© Colin Wilks & Co Limited A company registered in England & Wales, Registration number 04832012 Registered Office: 19 Main Road, Drayton Parslow Milton Keynes Buckinghamshire MK17 0JR

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