Description: Description: Description: Description: Description: Description: National Insurance

Description: Description: Description: Description: Description: Corporation Tax

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National Insurance

Corporation Tax

ASC Wylie

Description: Description: Description: Description: Description: G:\Office Website\TaxData.gif  Income Tax                                                                                                                                                                                                                    

Tax Rates

2010/11

2011/12

Limits

Tax Rate

Limits

Tax Rate

Starting Rate*

< £   2,440

10%

< £   2,560

10%

Basic Rate

< £ 37,400

20%

< £ 35,000

22%

Higher Rate

< £ 150,000

40%

< £ 150,000

40%

Super Rate

> £ 150,000

50%

> £ 150,000

50%

Dividend Rate -.     10% Basic Rate:.32.5% & 42.5% Higher Rates              

*Starting rate applies only to savings income                                                                                                                                  

Allowances

2010/11

2011/12

Personal

Married

Personal

Married

Basic Allowance

£ 6,475

£ -

£ 7,475

£ -

Age 65-74

£ 9,490

£ -

£ 9,940

£ -

Age 75 and over

£ 9,640

£ 6,965

£ 10,090

£ 7,295

Personal Allowance Income Limit

£ 100,000

 

£ 100,000

 

Age Allowance Income Limit

£ 24,000

 

£ 24,000