- "In the last 20 years our business has changed considerably…and as the focus of our business has changed, Bird Luckin have moved with us."
Alex Tanner, George Tanner (Shalford) Ltd - "Bird Luckin has looked after us incredibly well for over 60 years, they are pro-active and innovational - meeting all our needs to help us achieve our aims."
Richard Stubbings, Cliffords Limited - "I can honestly say that Bird Luckin are the best firm of accountants and auditors I have ever dealt with - and I don't say that lightly!"
Colin Webb, Walthamstow Stadium - "It's important for us to know that we will always be able to contact the right people to give us the right advice and support."
Jane Bennett, Bennetts Funeral Directors - "Although we deal mainly with one Partner … we also know that if we need to contact someone else who is a specialist in another area, we can get the advice we need quickly and easily"
Jeremy Ruggles, J.S. Wright & Sons Ltd - "Bird Luckin got us to a stage which would have taken us months - if not years - to reach on our own, and they got us there in a matter of weeks"
Matthew Sullivan, SNC Ltd - "You can be a good accountant, but if you don't have an understanding of the industry it can be very difficult. "There are two or three people we have regular contact with at Bird Luckin who know our business well, and it makes a difference.""
Robert Church, W A Church (Bures) Ltd - "The work which Bird Luckin has done for Boddingtons over the past few months has helped shape our future direction for the better."
John Warner, Chief Executive, Boddingtons Ltd - "Bird Luckin has acted for us since our inception 10 years ago. They have a very 'can do' yet highly professional attitude - we are very appreciative of their support and advice over the years."
Marlon Fox, Outlook Property Ltd
Income tax
| Tax bands and rates | 2012/13 | 2011/12 | |
| Basic rate band | £34,370 | £35,000 | |
| Basic tax rate | 20% | 20% | |
| Dividend ordinary tax rate | 10% | 10% | |
| Savings rate band | £2,710 | £2,560 | |
| Savings rate | 10% | 10% | |
| Higher rate band | £34,371 - £150,000 | £35,001 - £150,000 | |
| Higher tax rate | 40% | 40% | |
| Dividend higher tax rate | 32.5% | 32.5% | |
| Additional rate band | Over £150,000 | Over £150,000 | |
| Additional tax rate | 50% | 50% | |
| Dividend additional tax rate | 42.5% | 42.5% | |
| Allowances that reduce taxable income | |||
| Personal allowances | under 65 | £8,105 | £7,475 |
| 65 to 74 | £10,500 | £9,940 | |
| 75 and over | £10,660 | £10,090 | |
| Blind person's allowance | £2,100 | £1,980 | |
|
Age related allowances are reduced by £1 for each £2 of income above £25,400 (2011/12 £24,000), until the minimum of £8,105 (2011/12 £7,475) is reached. The minimum personal allowance is reduced, by £1 for each £2 of income from £100,000 (2011/12 - £100,000) to £116,210 (2011/12 - £114,950). |
|||
| Allowances that reduce tax | |||
| Married couple's allowance (MCA) | 78 and over (77 and over in 2011/12) | £7,705 | £7,295 |
| Tax reduction at 10% | £770.50 | £729.50 | |
|
The age for MCA is of the elder spouse or civil partner. The loss of tax reduction is 10p for each £2 of income above £25,400 (2011/12 £24,000) until the minimum of £296 (2011/12 £280) is reached. |
|||
| Non domicile charge | |||
| Charge for adult non UK domiciliary - applies after UK residence in seven or more of the previous tax years |
£50,000 | £30,000 | |
| Tax shelters | |||
|
Enterprise Investment Scheme (EIS) up to |
£1,000,000 | £500,000 | |
| Maximum amount for EIS carry back | £50,000 | £50,000 | |
| Income tax relief | 30% | 30% | |
|
Venture Capital Trust (VCT) up to |
£200,000 | £200,000 | |
| Golden handshake max. | £30,000 | £30,000 | |
| Rent a room - exempt on gross annual rent up to | £4,250 | £4,250 | |
| Construction industry scheme - deduction rate | |||
| Standard rate - registered | 20% | 20% | |
| Higher rate - not registered | 30% | 30% | |
Did you know?
That the Treasury is expecting to raise £154.8 billion from income tax (2011/12 - £152.6 billion).
2013 and beyond
From 2013/14 the age related allowance will be restricted. The allowance of £10,500 for 2012/13 will be restricted to those born after 5 April 1938 but before 6 April 1948. Similarly the £10,660 allowance for 2012/13 will be restricted to those born before 6 April 1938.