Value Added Tax
Standard rate 17.5%
Reduced rate 5%
Annual Registration Limit - from 1.5.09
(1.4.08 - 30.4.09 £67,000) £68,000
Annual Deregistration Limit - from 1.5.09
(1.4.08 - 30.4.09 £65,000) £66,000
Standard rate 17.5%
Reduced rate 5%
Annual Registration Limit - from 1.5.09
(1.4.08 - 30.4.09 £67,000) £68,000
Annual Deregistration Limit - from 1.5.09
(1.4.08 - 30.4.09 £65,000) £66,000
Contents
Income Tax Rates
Individual Savings Accounts (ISA's)
Stamp Duty & Stamp Duty Land Tax
Pension Premiums
2009/10 and 2008/09- Tax relief available for personal contributions: higher of £3,600 (gross) or 100% of relevant earnings.
- Employers will obtain tax relief on employer contributions if they are paid and made 'wholly and exclusively'. Tax relief for large contributions may be spread over several years.
- Any contributions in excess of £245,000 (£235,000), whether personal or by the employer, will be subject to income tax on the individual at 40%.
- No carry back of pensions contributions.
Adventure in Business