Rates
Taxation

Corporation Tax

Rate 2007-08 2008-09
Starting rate: 0% N/A N/A
Small companies £0 - £300,000 - 20% £0 - £300,000 - 21%
Marginal relief £300,001–£1,500,000 £300,001–£1,500,000
Main rate: 28% £1,500,001 or more £1,500,001 or more

Income Tax & Self Assessment

Income tax allowances 2007-08 (£) 2008-09 (£)
Personal allowance 5,225 5,435
Personal allowance for people aged 65-74 7,550 9,030
Personal allowance for people aged 75 and over 7,690 9,180
Income limit for age-related allowances 20,900 21,800
Married couple's allowance for people born before 6 April 1935 6,285 6,535
Married couple's allowance - aged 75 or more 6,365 6,625
Minimum amount of married couple's allowance 2,440 2,540
Blind person's allowance 1,730 1,800


Taxable Bands Allowances 2007-08 (£) 2008-09 (£)
Starting rate 10% 0 - 2,230 N/A
Basic rate 22% 2,231 - 34,600 0 - 36,600
Higher rate 40% over 34,600 over 36,600


Capital Taxes 

Annual exempt amount 2007-08 (£) 2008-09 (£)
Individuals etc* 9 200 9 600
Other trustees 4 600 4 800

* Individuals, trustees of settlements for the disabled, and personal representatives of the estate of a deceased person.



Useful Links:

HMRC

Business Link

Companies House

Department of Work and Pensions

Bank of England