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Tax rates and allowances
With changes in the tax system now an ever-present feature, our up-to-date experience is available to ensure clients' tax liabilities are planned to be at a minimum.2011/12
Further to the 2011 Budget on 23 March 2011, we have now updated our tax rates and allowances. The main changes for 2011/12 include:
- An increase in the personal allowance for those under 65 of £1,000
- A reduction of 2 per cent in the main rate of corporation tax
- An increase in Entrepreneurs' relief to £10,000,000
Main taxes
- Key dates and deadlines
- Income tax
- Corporation tax
- Inheritance tax
- Capital gains tax
- Value added tax
- National insurance contributions
- Residential property letting
- Main capital allowances
- Business deductions
- Penalties for late returns
- Trusts and settlements
- Non domiciled individuals
