Click to expand the section titles below for more information.
20010/11 |
2009/10 |
|||
£ |
Rate % |
£ |
Rate % |
|
| Small companies rate | 0 - 300,000 |
21 |
0 - 300,000 |
21 |
| Marginal (small companies) rate | 300,001 - 1,500,000 |
29.75 |
300,001 - 1,500,000 |
29.75 |
| Full rate | Over 1,500,000 |
28 |
Over 1,500,000 |
28 |
| Small companies fraction | 7/400 |
7/400 |
||
|
|
| ||
| Band £ |
Rate % |
Band £ |
Rate % |
| 0 - 37,400 | 20 | 0 - 37,400 |
20 |
| 37,400 - 150,000 |
40 |
Over 37,400 |
40 |
| Over 150,000 |
50 |
||
There will be a new 10% starting rate for savings income only, with a limit of £2,440.00
Dividends
2010/11 |
|
2009/10 |
||
Basic Rate Taxpayers |
10% |
|
10% |
- |
Higher Rate Taxpayers |
32.5% |
|
32.5% |
- |
Additional Rate Taxpayers |
42.5% |
|
|
|
|
2010/11 £ |
2009/10 £ | ||
| Personal allowance | Basic |
6,475 |
6,475 |
| Age 65 - 74 |
9,490 |
9,490 | |
| Age 75 and over |
9,640 |
9,640 | |
Married couple's allowance |
Age under 75 Age 75 and over Age allowance income limit |
N/A 6,965* 22,900 |
N/A 6,965* 22,900 |
| Blind person's allowance |
1,890 |
| |
* Tax relief for the Married Couple’s Allowance is given at the rate of 10%
Company Cars
|
CO2 emissions in grams per kilometre |
|||||
|
130 |
155 |
175 |
195 |
215 |
230 |
% of car’s list price taxed |
15% |
20% |
24% |
28% |
32% |
35% |
For each 5 grams per kilometre, increase 1% up to maximum of 35%
For diesel cars add a 3% supplement but maximum still 35%
Euro IV diesel cars registered before 1st January 2006 do not suffer the 3% supplement.
Company Cars – Fuel
|
2010/11 |
2009/10 |
Company car percentage is multiplied by |
£18,000 |
£16,900 |
The fuel benefit is reduced to nil only if the employee pays for all private fuel.
Company Vans
| 2010/11 | 2009/10 |
|
Restricted to commuting and occasional incidental use |
Nil | Nil |
Unrestricted use |
£3000 | £3,000 |
Provision of private fuel |
£550 | £500 |
Statutory Mileage Rates
|
Up to 10,000 miles |
Over 10,000 miles |
Cars and vans |
40p |
25p |
Motorcycles |
24p |
24p |
Bicycles |
20p |
20p |
| From 1st June 2010 | From 1st Dec 2008 | |
| Standard Rate | 17.5% | 15% |
| Reduced Rate | 5% | 5% |
| VAT fraction | 7/47 | 3/23 |
| From 1st April 2010 | ||
| Annual Registration Limit | £70,000 | £68,000 |
| Annual Deregistration Limit | £68,000 | £66,000 |
Details of other rates and allowances are available
by contacting us on the number below.