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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)

Contents

Income Tax Rates

Income Tax Reliefs

Tax Credits

Pension Premiums

Car, Van and Fuel Benefits

Mileage Allowance Payments

Individual Savings Accounts (ISA's)

Corporation Tax

Capital Allowances

Capital Gains Tax

Inheritance Tax

Stamp Duty & Stamp Duty Land Tax

National Insurance

Main Social Security Benefits

Self Assessment Key Dates 2008/09

Disclaimer

Income Tax Reliefs

2008/09
£
2007/08
£
Personal allowance - under 65
5,435
5,225
- 65 - 74*
9,030
7,550
- 75 and over*
9,180
7,690
Married couple's allowance (relief at 10%)

- aged less than 75 and born before 6.4.35*

6,535
6,285
- 75 and over*
6,625
6,365
- min. amount
2,540
2,440
* Age allowance income limit
21,800
20,900
(Reduce age allowance by £1 for every £2 of excess income over £21,800.)
Blind person’s allowance
1,800
1,730

 

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