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
| Year to 31.3.09 | Year to 31.3.08 | |||
Profits band £ |
Rate % |
Profits band £ |
Rate % |
|
| Small companies rate | 0 - 300,000 |
21* |
0 - 300,000 |
20 |
| Marginal (small companies) rate | 300,001 - 1,500,000 |
29.75* |
300,001 - 1,500,000 |
32.50 |
| Full rate | Over 1,500,000 |
28* |
Over 1,500,000 |
30 |
| Small companies fraction | 7/400* |
1/40 |
||
The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies.
*Different rates apply for ring-fenced (broadly oil industry) profit.
Adventure in Business