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Tax tables and allowances 2009 / 2010
(Source: Inland Revenue)
Tax Rates and Allowances
2008-09 (£) 2009-10 (£)
Increase (£)
Income tax allowances
Personal allowance
6,035
6,475
440
Capital gains tax annual exempt
amount:
Individuals etc:
9,600
Other trustees:
4,800
Inheritance tax threshold 325,000
Pension schemes earnings cap
Taxable Bands
Taxable bands 2008-09 (£)
Taxable bands 2009-10 (£)
Starting rate for savings 10%
£0-£2,320
Starting rate for savings 10%
£0-£2,440
Basic rate 20%
£0-£34,800
Basic rate 20%
£0-£37,400
Higher Rate 40%
Over 34,800
Higher Rate 40%
Over £37,400
Corporation Tax Rates
Corporation tax profits 2008-09 (£)
Corporation tax profits 2009-10
(£)
Small companies' rate 21%
0 - 300,000
Small companies' rate 21%
0 - 300,000
Marginal relief
300,001 -
1,500,000
Marginal relief
300,001 -
1,500,000
Main rate 28%
1,500,001
or more
Main rate 28%
1,500,001
or more
National Insurance Rates
2008-09
2009-10
Primary threshold
£105 per week
£110 per week
Secondary threshold
£105 per week
£110 per week
Employees’ primary class 1 rate on earnings between primary
threshold and upper earnings limit
11%
11%
Employers’ secondary Class 1 rate
12.8%
12.8%
Class 4 rate
8% of £5,435 to £40,040 per year
1% above £40,040 per year
8% of £5,715 to £43,875 per year
1% above £40,040 per year
Class 4 lower profits limit
£5,435 per year
£5,715 per year
Class 4 upper profits limit
£40,040 per year
£43,875 per year
For a complete list of rates and allowances for 2009-10, visit the Inland Revenue site. Previous Page
