UK Tax Tables 2010/2011

Tax Rates and Allowances

2009-10 (£) 2010-11 (£) Increase (£)
INCOME TAX ALLOWANCES:
Personal allowance 6,475 6,475 -
CAPITAL GAINS TAX ANNUAL EXEMPT AMOUNT:
Individuals etc: 10,100 10,100 -
Inheritance tax threshold 325,000 325,000 -
PENSIONS SCHEMES:
Annual allowance: £245,000 £255,000 +10,000
Lifetime allowance: 1,750,000 1,800,000 +50,000

From the 2010-11 tax year the Personal Allowance reduces where the income is above £100, 000 – by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age.

Taxable Bands

Taxable bands 2009-10 (£) Taxable bands 2010-11 (£)
*Starting rate 10% 0 - 2,440 *Starting rate 10% 0 - 2,440
Basic rate 20% 0 - 37,400 Basic rate 20% 0 - 37,400
Higher rate 40% Over 37,400 Higher rate 40% 37,400 - 150,000
Additional rate 50% Over 150,000

* From 2008-09 there is a 10 per cent starting rate for savings income only. If your non-savings income is above this limit then the 10 per cent starting rate for savings will not apply.

The rates available for dividends for the 2010-11 tax year is the 10 per cent ordinary rate, the 32.5 per cent dividend upper rate, and the new dividend additional rate of 42.5 per cent.

Corporation Tax Rates

Band Corporation tax profits 2009-10 (£) Corporation tax profits 2010-11 (£)
0 - 300,000 21% 21%
300,001 - 1,500,000 Marginal relief Marginal relief
1,500,001 or more 28% 28%

From 1 April 2010 onwards, the terminology used to describe some Corporation Tax rates and reliefs changed. This table reflects the new terminology but for ease the changes are shown below:

  • Small Profits Rate - previously Small Companies’ Rate
  • Marginal Relief - previously Marginal Small Companies’ Relief
  • Standard fraction - previously Marginal Small Companies’ Relief fraction

REV2: National Insurance Rates

2009-10 2010-11
Primary threshold £110 per week £110 per week
Secondary threshold £110 per week £110 per week
Employees’ primary class 1 rate on earnings between primary threshold and upper earnings limit 11% of £110.01 to £844 per week 1% above £844 per week 11% of £110.01 to £844 per week 1% above £844 per week
Employers’ secondary Class 1 rate 12.8% on earnings above £110 per week 12.8% on earnings above £110 per week
Class 4 rate 8% of £5,715 to £43,875 per year 1% above £43,875 per year 8% of £5,715 to £43,875 per year 1% above £43,875 per year
Class 4 lower profits limit £5,715 per year £5,715
Class 4 upper profits limit £43,875 per year £43,875

For further rates and allowances and historic tables see HMRC.

  
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