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
| Class 1 (employed) contracted in |
2008/09 Rates | |
| Weekly earnings | ||
| Up to £105 | ||
£105.01 - £770 |
||
| Over £770 | ||
| * Entitlement to contribution-based benefits retained for earnings between £90.01 and £105 per week. ** On earnings above £105. *** On earnings above £770. |
||
Class 1A (employers) |
12.8% on employee taxable benefits |
Class 1B (employers) |
12.8% on PAYE Settlement Agreements |
Class 2 (self-employed) |
flat rate per week £2.30 small earnings exception p.a. £4,825 p.a. |
Class 3 (voluntary) |
flat rate per week £8.10 |
Class 4 (self-employed) |
8% on profits between £5,435 and £40,040 plus 1% on profits over £40,040 |
Adventure in Business