National Insurance                               Income Tax.                                               Corporation Tax.                                   .Home Page

Income Tax                   Corporation Tax                     ASC Wylie

 

Rates

2008/09

2009/10

Class

Lower Limits {LEL}

Upper Limits {UEL}

Tax Rate

Lower Limits

{LEL}

Upper Limits {UEL}

Tax Rate

1 Employment {Not Contracted Out}

£ 4,680pa

{£90pw}

£ 40,040pa

{£770pw}

11%

{+1% over UEL}

£ 4,524 pa

{£95pw}

£ 34,840 pa

{£844pw}

11%

{+1% over UEL}

2 Self Employed - Flat Rate

£4,825 pa

-

£2.30pw

£5,075 pa

-

£2.40pw

3 Voluntary

-

-

£8.10pw

-

-

£12.05pw

4 Self Employed

£5,435

£40,040

8%

{+1% over UL}

£5,715

£43,875

8%

{+1% over UL}

Notes

 

 

 

 

 

 

 

Class 1

 

 

2009/10

Employers rate is 12.8% over £5,720pa {£110pw}

No upper limit

 

Contracted Out Rates 9.4% {employee}

Employer rates depend on type of scheme

2008/09

Employers rate is 12.8% over £5,460pa {£105pw}

No upper limit

 

Contracted Out Rates 9.4% {employee}         

Employer rates depend on type of scheme