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 …
Corporation Tax
Corporation tax rates and bands are as follows: Financial Year to 31 March 2012 31 March 2011 Taxable profits First £300,000 20% 21% Next £1,200,000 27.5% 29.75% Over £1,500,000 …
Capital Gains
Capital gains tax rates and bands for 2011/12 On chargeable gains Total taxable gains and income: up to £35,000 from £35,001 18% 28% Annual exemption – individual £10,600 – …
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 …
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% …