Value Added Tax
Standard rate 17.5%
Reduced rate 5%
Annual Registration Limit - from 1.4.08
(1.4.07 - 31.3.08 £64,000) £67,000
Annual Deregistration Limit - from 1.4.08
(1.4.07 - 31.3.08 £62,000)
Standard rate 17.5%
Reduced rate 5%
Annual Registration Limit - from 1.4.08
(1.4.07 - 31.3.08 £64,000) £67,000
Annual Deregistration Limit - from 1.4.08
(1.4.07 - 31.3.08 £62,000)
Contents
Income Tax Rates
Individual Savings Accounts (ISA's)
Stamp Duty & Stamp Duty Land Tax
| Individuals | |||
| Exemption | 9,600 |
9,200 |
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| For 2008/09, balance of gains charged at 18%. For 2007/08, balance of gains (reduced by taper relief*) charged as top slice of income (at savings rates i.e. 10%, 20% or 40%). |
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| Trusts | |||
| Exemption | |||
| Balance of gains (reduced by taper relief* for 2007/08). | |||
| *Taper relief abolished for gains arising on or after 6 April 2008. Entrepreneurs’ Relief For gains arising on or after 6 April 2008, the first £1m of qualifying gains are charged at an effective rate of 10%. Gains in excess of £1m are charged at 18%. |
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Adventure in Business