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Krogh & Partners Limited
 
Your auditor, accountant and advisor in the United Kingdom

Tax rates

Budget 2009 tax rates

Main income Tax reliefs
Income Tax rates and bands
Car benefit assessment
Tax free mileage allowances
National Insurance contributions
Pension contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Stamp duty & stamp duty land Tax
Earliest due dates for payment of Tax


Man income Tax rates





Allowed at top rate of tax   
2011/12
2010/11
Personal Allowance     
7,475
6,475
Personal Allowance (65-74)* 
9,940
9,490
Personal Allowance (75 and over)*
10,090
9,640
Blind Person's Allowance     
1,980
1,890



Personal allowances in 2011/12 are withdrawn at £1 for every £2 by which total income exceeds £100,000.



Allowed only at 10%
2011/12
2010/11
Married Couple's Allowance*
(only available if born before 6th April 1935)   
7,295
6,965
IncomelLimit for age-related allowances   
24,000
22,900

* Age allowances are reduced £1 for every £2 by which income exceeds the income limit, until the age allowance is reduced to the normal allowance. Personal allowance is reduced before married couple's allowance. MCA is reduced to a minimum of £2,800 (2010/11: £2,670).



Important annual limits
2011/12
2010/11
Individual Savings Account investment   
10,680
10,200
Enterprise Investment Scheme investment 
** 500,000
* 500,000
Venture Capital Trust investment    
  ** 200,000
** 200,000

* Relief at 20%  
** Relief at 30%