2010/11 Rates and Allowances
With changes in the tax system now an ever-present feature, our up-to-date experience is available to ensure clients' tax liabilities are planned to be at a minimum.
The key changes for 2010/11 include:
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A new 50 percent tax rate
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Entrepreneurs' relief of £2 million to 22 June and £5 million from 23 June 2010
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Changes to stamp duty land tax for first time buyers
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Standard rate of VAT: increase from 17.5% to 20% on 4 January 2011
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New mileage allowances from 1 June 2011
The key changes for 2011/12 include:
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National insurance increasing by 1%
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Pension relief maximum on payments up to £50,000
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ISA allowances increased to £10,670/£5,335
While there is comprehensive information on our site, as our terms and conditions indicate, this information does not cover all situations or provide advice. Do please contact us for advice.
