Budget 2010


Introduction

Main Income Tax reliefs

Income Tax Rates and bands

Car Benefit Assessment

Tax Free Mileage Allowances

National Insurance Contributions

Pension Contributions

Inheritance Tax

Important Annual Limits

Value Added Tax

Capital Gains Tax

Corporation Tax

Main Capital Allowances

Stamp Duty & Stamp Duty Land Tax

Earliest due dates for payment of tax

 Earliest due dates for payment of tax


Income Tax  
Employment Most tax paid under PAYE
Interest, dividends Lower/basic rate liability usually settled before receipt
Untaxed sources, plus balance on employment and higher rates on investment income (self assessment) Payments on account for 2010/11 on 31.1.11 and 31.7.11 based on 2009/10 tax; balance due 31.1.12 with first instalment for 2011/12.
Capital Gains Tax 31 January following the tax year.
Inheritance Tax Normally 6 months after month of death.
Corporation Tax Large companies pay by instalments starting 6 1/2 months through the accounting period; small/medium companies pay 9 months and 1 day after end of period.


Tax Tables
2010/11
(with 2009/10 information)
2009/10
(with 2008/09 information)
2008/09
(with 2007/08 information)
2007/08
(with 2006/07 information)
2006/07
(with 2005/06 information)
2005/06
(with 2004/05 information)
2003/04
(with 2002/3 information)
 

Budget Newsletter
2011
2010
2009
2008
2007
2006
2005

 

 

 

 

This publication has been prepared based on the Chancellor's Budget announcements.
The proposals do not become law until the Finance Act receives Royal Assent later this year. Taxation is a complex
subject, and whilst every care is taken in preparing this publication, no decisions should be taken based on it without
professional advice. No responsibility can be accepted by us for any loss occasioned by a person acting or
refraining from acting on the basis of this publication.