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. more

Income tax

Tax rates and allowances. more

Corporation tax

Details of corporation tax rates and bands. more

Inheritance tax

Inheritance tax rates and allowances. more

Capital gains tax

Capital gains tax rates and allowances. more

VAT rates

VAT Rates more

National insurance contributions & rates

National insurance contributions & rates more

Residential property letting

Residential property letting tax rates and allowances. more

Main capital allowances

Check out the main allowances for 2011/12. more

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. more

Penalties for late returns

Make sure you do not become liable to any of these fines or penalties. more

Trusts and settlements

Trusts and settlements - Tax rates and allowances. more

Non domiciled individuals

The basics of the non domicile charge. more

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. more

'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. more

Mileage allowances

The budget and mileage allowances. more

Vehicle benefits

Vehicle benefits. more

Vehicle duties 2011 - 2012

Vehicle duties 2011 - 2012 more

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. more

ISAs

Details of investment maximums for ISA's. more

EIS and VCT

Enterprise investment schemes and Venture capital trusts. more

Stamp taxes

Details of the rates and types of stamp taxes. more

Air passenger duty rates

Air passenger duty rates. more

Landfill tax

Rates and allowances - Landfill tax more

Charitable giving

Rates and allowances - Charitable giving. more

Tax credits

Rates and allowances tax credits. more

State pension

State pension rates and allowances. more

Selected benefit rates

Tax rates and allowances - Selected benefit rates. more