Tax Table
The following tables are for guidance only. These are subject to change
and we are not responsible for their accuracy.
Income Tax
Taxable Bands
Capital Gains Tax
Corporation Tax
Inheritance Tax
Rates and Allowances
Income Tax
|
Income tax allowances |
2010-11 (£) |
2009-10 (£) |
| Personal allowance |
6,475 |
6,475 |
| *Income limit for personal allowance |
100,000 |
NA |
| Personal allowance for people aged 65-74 |
9,490 |
9,490 |
| Personal allowance for people aged 75 and over |
9,640 |
9,640 |
| Married couple's allowance - aged 75 or more |
6,965 |
6,965 |
| Income limit for age-related allowances |
22,900 |
22,900 |
| Minimum amount of married couple's allowance |
2,670 |
2,670 |
| Blind person's allowance |
1,890 |
1,890 |
*From the 2010-11 tax year the Personal Allowance reduces where the income is above £100,000 – by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age.
Taxable Bands
|
2010-11 tax bands |
£ per year |
2009-10 tax bands |
£ per year |
|
*Starting rate 10% (savings only) |
£0 - £2,440 |
*Starting rate 10% (savings only) |
£0 - £2,320 |
|
Basic rate 20% |
£0 - £37,400 |
Basic Rate: 20% |
£0 - £37,400 |
|
Higher rate 40% |
£37,401 - £150,000 |
Higher Rate: 40% |
over £37,400 |
|
Additional rate 50% |
Over £150,000 |
Higher Rate: 50% |
NA |
*From 2008-09 there is a 10 per cent starting rate for savings income only. If your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply.
Capital Gains Tax
| Capital Gains Tax: Individuals
and Trustees |
| Annual exempt amount |
2010-11 (£) |
2009-10 (£) |
| Individuals etc |
10,100 |
10,100 |
| Other trustees |
5,050 |
5,050 |
Corporation Tax
| £ per year (unless stated)
|
2010-11 |
2010-10 |
| £0-£300,000 |
21% |
21% |
| £300,001 - £1,500,000 |
Marginal Relief |
Marginal Relief |
| £1,500,001 or more |
28% |
28% |
Inheritance Tax
| Inheritance tax threshold |
| Year |
Amount (£) |
| 2009-10 |
325,000 |
| 2010-11 |
325,000 |
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