Tax rates and allowances

This area of our site includes all the rates for the tax year 2012/13 as well as including comparative rates and allowances for the for the previous tax year.

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Key dates and deadlines

This is a summary of the key filing and payment dates.

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Income tax

Tax rates and allowances.

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Corporation tax

Details of corporation tax rates and bands.

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Inheritance tax

Inheritance tax rates and allowances.

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Capital gains tax

Capital gains tax rates and allowances.

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National insurance contributions

National insurance contributions and rates

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Residential property letting

Residential property letting tax rates and allowances.

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Main capital allowances

Reduce your business tax liability with your capital expenditure.

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Business deductions

In order to attract a deduction in computing the profits of a trade or business any expenses must be incurred wholly and exclusively for the purpose of the trade. Capital expenditure is not an allowable expense (capital allowances are claimed on these costs), and certain other expenses are barred by statute.

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Penalties for late returns

Make sure you do not become liable to any of these fines or penalties.

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Trusts and settlements

Trusts and settlements - tax rates and allowances.

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Non domiciled individuals

The basics of the non domicile charge.

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Qualification for a small or medium sized company

Qualification to be a small or medium sized company applies if two or more of the following criteria are met in the current and preceding year.

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Mileage allowances

The budget and mileage allowances.

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'Green' travel arrangements

There are a number of schemes intended to encourage employers to make arrangements for their staff to travel to work by more environmentally beneficial methods.

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Vehicle benefits 2011/12

Vehicle benefits. Check your benefit for the last tax year.

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Vehicle duties

Vehicle duties

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Pension premiums

There is no limit on the amount that may be contributed to a registered pension scheme. The maximum amount on which an individual can claim tax relief in any tax year is the greater of the individual's UK relevant earnings or £3,600.

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EIS and VCT

Enterprise investment schemes and venture capital trusts.

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ISAs

Details of investment maximums for ISAs.

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Stamp taxes

Details of the rates and types of stamp taxes.

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Air passenger duty rates

Air passenger duty rates.

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Landfill tax

Rates and allowances - landfill tax

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Charitable giving

Rates and allowances - charitable giving.

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Tax credits

Rates and allowances tax credits.

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State pension

State pension rates and allowances.

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Selected benefit rates

Tax rates and allowances - selected benefit rates.

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