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Tax rates and allowances

This area of our site includes all the rates announced for the tax year 2011/12

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Key dates and deadlines
This is a summary of the key filing and payment dates.
Income tax
Tax rates and allowances.
Corporation tax
Details of corporation tax rates and bands.
Inheritance tax
Inheritance tax rates and allowances.
Capital gains tax
Capital gains tax rates and allowances.
VAT rates
VAT Rates
National insurance contributions & rates
National insurance contributions & rates
Residential property letting
Residential property letting tax rates and allowances.
Main capital allowances
For limited companies subject to corporation tax expenditure is on or after 1 April 2009, for unincorporated businesses expenditure is on or after 6 April 2009.
Business deductions
In order to attract a deduction in computing the profits of a trade or business any expenses must be incurred wholly and exclusively for the purpose of the trade. Capital expenditure is not an allowable expense (capital allowances are claimed on these costs), and certain other expenses are barred by statute.
Penalties for late returns
The 2009 Budget introduced wide ranging proposals to reform the penalties regime. This document reviews the reforms.
Trusts and settlements
Trusts and settlements - Tax rates and allowances.
Non domiciled individuals
Non domiciled individuals tax rates and allowances
Qualification for a small or medium sized company
Qualification to be a small or medium sized company applies if two or more of the following criteria are met in the current and preceding year.
'Green' travel arrangements
There are a number of schemes intended to encourage employers to make arrangements for their staff to travel to work by more environmentally beneficial methods.
Mileage allowances
The budget and mileage allowances.
Vehicle benefits
Vehicle benefits.
Vehicle duties 2011 - 2012
Vehicle duties 2011 - 2012
Pension premiums
There is no limit on the amount that may be contributed to a registered pension scheme. The maximum amount on which an individual can claim tax relief in any tax year is the greater of the individual's UK relevant earnings or £3,600.
ISAs
Details of investment maximums for ISA's.
EIS and VCT
Enterprise investment schemes and Venture capital trusts.
Stamp taxes
Details of the rates and types of stamp taxes.
Air passenger duty rates
Air passenger duty rates.
Landfill tax
Rates and allowances - Landfill tax
Charitable giving
Rates and allowances - Charitable giving.
Tax credits
Rates and allowances tax credits.
State pension
State pension rates and allowances.
Selected benefit rates
Tax rates and allowances - Selected benefit rates.