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Car benefit assessment 2010/11

Charge based on a percentage of the initial list price of the car, including acceddories, delivery charges and VAT. The percentage depends on the carbon dioxide emmissions rating of the car, and whether the engine runs on petrol or diesel. For 2010/11, the taxable benefit on an electric car (no emmissions) is nil.

Ratings
Petrol
Diesel

1-75g/km
5%
8%

76-120 g/km
10%
13%

121-125 g/km
15%
18%

over […]

Income Tax Rates

Income Tax rates and bands
2011/12
2010/11

Basic rate band
0-31,865
0-32,010

Higher rate band
31,866-150,000
32,011-150,000

Additional rate
over 150,000
over 150,000

*Startin rate band is within basic rate band and applies to saving incomes only; If taxable general income exceeds the band, the 10% rate is not available.

Tax Rates: Rates differ for General/Savings/Dividents

2011/12 and 2010/11

Tax rates
G
S
D

Starting rate
N/A
10%
10%

Basic rate
20%
20%
10%

Higher rate
40%
40%
32.5%

Additional rate
50%
50%
42.5%

General […]

Main Income Tax Reliefs 2010/2011

Allowed at top rate of tax
2010/11
2009/10

Personal Allowance
£7,475
£6,475

Personal Allowance (65-74)*
£9,490
£9,490

Personal Allowance (75 and over)*
£10,090
£9,640

Blind Person’s Allowances
£1,980
£1,890

Personal Allowances in 2010/11 are withdrawn at £1 for every £2 by which total income tax exceeds £100,000.

Allowed only at 10%
2011/12
2010/11

Married Couple’s Allowances * (Only available if born before 6th April 1935)
£7,295
£6,965

Income limit for age-related allowances
£24,000
£22,900

*Age allowances are reduced £1 for […]

Self Assessment

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. Here are some important questions you need to ask yourself:
Exit Strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from […]

Personal Tax Planning

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. Here are some important questions you need to ask yourself:
Exit Strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from […]

VAT

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. Here are some important questions you need to ask yourself:
Exit Strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from […]

Payroll

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. Here are some important questions you need to ask yourself:
Exit Strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from […]

Corporate Tax Planning

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. Here are some important questions you need to ask yourself:
Exit Strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from […]

Business Planning

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. Here are some important questions you need to ask yourself:
Exit Strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from […]

Book keeping & Accounting

Everyone hopes to maintain the same standard of living in retirement as they presently enjoy while working, but to achieve this requires considerable forward planning. Here are some important questions you need to ask yourself:
Exit Strategies
If you are in business, the first thing you need to consider is your exit strategy. Will you withdraw from […]