Colin Wilks & Co Limited Chartered Certified Accountants
Colin Wilks & Co LimitedChartered 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 2020-21

Basic rate         20%

Higher rate       40%

Additional rate  45%



Corporation Tax 2020-2021

Small Companies   19%

Large Companies   19%




VAT 2020-21

Registration threshold  £85,000

VAT Rate  20%




Personal Allowances & Tax Bands 2020-21



Basic personal allowance  £12,500

Basic rate band £12,501- £50,000

Higher rate tax band £50,001 +







 National Insurance Limits 2020-21



Lower earnings limit   £6,240

Primary threshold      £9,500

Secondary threshold  £8,788

Upper earnings limit £50,000






 National Insurance Rates 2020-21



Employees   12.0% of earnings between the Primary threshold and the Upper earnings limit, then 2.0% of any further earnings

Employers    13.8% of earnings above the Secondary threshold

Self Employed: £3.05 per week plus 9% of profits between £9,500 and £50,000 then 2% on the remainder.



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: Suite 2, Douglas House, 32-34 Simpson Road, Fenny Stratford, Buckinghamshire MK1 1BA