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.

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Key dates and deadlines

This is a summary of the key filing and payment dates.

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Income tax

Tax rates and allowances.

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Corporation tax

Details of corporation tax rates and bands.

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Inheritance tax

Inheritance tax rates and allowances.

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Capital gains tax

Capital gains tax rates and allowances.

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VAT rates

VAT rates, schemes and thresholds

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National insurance contributions

National insurance contributions and rates

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Residential property letting

Residential property letting tax rates and allowances.

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Main capital allowances

Reduce your business tax liability with your capital expenditure.

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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.

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Penalties for late returns

The tax system has many fines and penalties for those that do not file or pay on time. Make sure you do not become liable to any of these fines or penalties.

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Trusts and settlements

Trusts and settlements - tax rates and allowances.

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Non domiciled individuals

The basics of the non domicile charge.

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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.

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Green travel allowances

There are a number of schemes intended to encourage employers to make arrangements for their staff to travel to work by more environmentally beneficial means.

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Mileage allowances

Current and previous mileage allowances.

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Vehicle benefits 2012/13

This remains on our website in order to assist with completion of 2012/13 P11Ds.

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Vehicle benefits 2013/14

Check your benefit for this tax year.

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Vehicle benefits 2011/12

Vehicle benefits. Check your benefit for the last tax year.

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Vehicle duties

Vehicle duties

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Pension premiums

There are limits that may be contributed to a registered pension scheme without incurring a tax charge. 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.

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EIS and VCT

Enterprise investment schemes and venture capital trusts.

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ISAs

Details of this year’s investment maximums for ISAs.

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Stamp taxes

Details of the rates and types of stamp taxes.

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Air passenger duty rates

Air passenger duty rates.

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Landfill tax

Landfill tax rates

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Charitable giving

Charitable giving.

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Tax credits

Tax credits rates

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State pension

State pension rates and allowances.

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Selected benefit rates

Selected benefit rates.

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