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Taxation

Corporation Tax

Rate 2009-10 2010 2011
Small companies £0 - £300,000 - 21% £0 - £300,000 - 21% 20%
Marginal relief £300,001–£1,500,000 £300,001–£1,500,000
Main rate: 28% £1,500,001 or more £1,500,001 or more 27%

Income Tax & Self Assessment

Income tax allowances 2009-10 (£) 2010-11 (£)
Personal allowance 6,475 6,475
Personal allowance for people aged 65-74 9,490 9,490
Personal allowance for people aged 75 and over 9,640 9,640
Income limit for age-related allowances 22,900 22,900
Married couple's allowance for people born before 6 April 1935 N/A N/A
Married couple's allowance - aged 75 or more 6,965 6,965
Minimum amount of married couple's allowance 2,670 2,670
Blind person's allowance 1,890 1,890


Taxable Bands Allowances 2009-10 (£) 2010-11 (£)
Savings rate 10% 0 - 2,440 0 - 2,440
Basic rate 20% 0 - 37,400 0 - 37,400
Higher rate 40% over 37,400 over 37,40
Additional rate 50% N/A over 150,000


Capital Taxes 

Annual exempt amount 2009-10 (£) 2010-11 (£)
Individuals etc* 10,100 10,100
Other trustees 5,050 5,050

* Individuals, trustees of settlements for the disabled, and personal representatives of the estate of a deceased person.

Useful Links:

HMRC

Business Link

Companies House

Department of Work and Pensions