Tax tables, rates and allowances

Income Tax

2009-10 2010-11 2011-12
Personal Allowance £6,475 £6,475 £7,475
Income limit for Personal Allowance Not applicable £100,000 £100,000
Personal Allowance for people aged 65-74 £9,490 £9,490 £9,940
Personal Allowance for people aged 75 and over £9,640 £9,640 £10,090
Married Couple’s Allowance (born before 6th April 1935 but aged under 75) Not applicable Not applicable Not applicable
Married Couple’s Allowance – aged 75 and over £6,965 £6,965 £7,295
Income limit for age-related allowances £22,900 £22,900 £24,000
Minimum amount of Married Couple’s Allowance £2,670 £2,670 £2,800
Blind Person’s Allowance £1,890 £1,890 £1,980

Taxable Bands

2009-10 2010-11 2011-12
Starting rate for savings: 10%* £0-£2,440 £0-£2,440 £0-£2,560
Basic rate: 20% £0-£37,400 £0-£37,400 £0-£35,000
Higher rate: 40% Over £37,400 £37,401-£150,000 £35,001-£150,000
Additional rate: 50% Not applicable Over £150,000 Over £150,000

Capital Gains Tax

2009-10 2010-11 2011-12
Individuals, personal representatives and trustees for disabled people £10,100 £10,100 £10,600
Other trustees £5,050 £5,050 £5,300

Corporation Tax

Rate 2009 2010 2011  2012
Small Profits Rate* 21%* 21%* 20%*  
Small Profits Rate can be claimed
by qualifying companies with profits at a rate not exceeding		 £300,000 £300,000 £300,000  
Marginal Relief Lower Limit £300,000 £300,000 £300,000  
Marginal Relief Upper Limit £1,500,000 £1,500,000 £1,500,000  
Standard fraction 7/400 7/400 3/200  
Main rate of Corporation Tax* 28%* 28%* 26%* 25%*
Special rate for unit trusts
and open-ended investment companies 		20% 20% 20%  

Inheritance Tax

From To Threshold
6 April 2009 – £325,000
6 April 2008 5 April 2009 £312,000
6 April 2007 5 April 2008 £300,000
6 April 2006 5 April 2007 £285,000
6 April 2005 5 April 2006 £275,000

 

Please note: The following tables are for guidance only. They are subject to change and we are not responsible for their accuracy.