Value Added Tax
From 4 Jan 2011 1 Jan 2010 Standard rate 20% 17.5% VAT fraction 1/6 7/47 Reduced rate 5% 5% Taxable Turnover Limits Registration – last 12 months or next 30 …
Inheritance Tax
2011/12 2010/11 Standard threshold £325,000 £325,000 Combined threshold maximum for married couples and civil partners £650,000 £650,000 Rate of tax on balance: Chargeable lifetime transfers Transfers on, or within …
Vehicle Benefits
Chargeable on employees earning £8,500 or over (including benefits), and directors. Car Benefit Car Fuel Benefits Company Vans Car Benefit The taxable benefit is calculated as a percentage of the …
Income Tax
Income tax rates 2011/12 2010/11 Basic rate band – income up to £35,000 £37,400 Starting rate for savings *10% *10% Basic rate 20% 20% Dividend ordinary rate 10% 10% …