Stamp Duty

The rate of stamp duty / stamp duty reserve tax on the transfer of shares and securities is generally payable at 0.5 per cent. 8th July 2020 – 30th March …

Other Useful Rates

Weekly Benefit 2011/12 2010/11 Basic Retirement Pension Single person £102.15 £97.65 Couple £163.35 £156.15 Child Benefit First eligible child £20.30 £20.30 Each subsequent child £13.40 £13.40 Statutory Sick Pay (SSP) …

Saving & Investments

ISAs Individual Savings Accounts (ISAs) Overall investment limit £10,680 Including cash maximum of £5,340 Notes Investments in ISAs are free of income tax and capital gains. Those aged 16-17 can …

Charity

Gift Aid Individuals are able to claim higher rate relief on cash gifts and payments to charities under gift aid. Basic rate tax is treated as having been deducted, so …

Pension

There is no financial limit on the amount that may be contributed to a registered pension scheme. The maximum amount on which an individual can claim tax relief in any …

Key Dates

Income Tax (including Class 4 NIC) 31 July 2011 2010/11 second payment on account 31 January 2012 2010/11 balancing payment, and 2011/12 first payment on account 31 July 2012 2011/12 …

National Insurance Contributions

Class 1 (not contracted out) Employer Employee Payable on weekly earnings of Up to £102 (lower earnings limit) Nil Nil £102 – £136 (employers’ earnings threshold) Nil Nil £136.01 – …

Mileage Allowances

It is quite normal practice for employees to be reimbursed at a reasonable mileage rate for business use of their own vehicles. The income tax and national insurance contributions (NICs) …

Main Capital

Plant and Machinery: Energy saving and environmentally beneficial equipment, zero and low CO2 emission (up to 110 g/km) cars, new zero emission vans, natural gas/hydrogen refuelling equipment:  first year allowance …