Dean & Co, 33 Haigh Moor Way, Royston, Barnsley, South Yorkshire. S71 4EG
Tel: 01226 701017 Mob: 07704311130 Dean & Co © All rights reserved. Privacy Policy
Barnsley accountants service since 1998. Wakefield accountants service since 2009. Links
Tax Accountants and Business Advisors
01226 701017
Dean & Company
Rates and Allowances
Income Tax allowances table 2009 to 2012
Income Tax rates and taxable bands
Corporation Tax Rates for financial years from 2009 to 2012 starting on 1 April
Rates and Allowances for Previous Years
Budget 2003 - Contains Rates and allowances for 2002 to 2004
Budget 2005 - Contains Rates and allowances for 2004 to 2006
Budget 2007 - Contains Rates and allowances for 2006 to 2008
Budget 2009 - Contains Rates and allowances for 2008 to 2010
Income Tax allowances
2009-10
2010-11
2011-12
Personal Allowance (1)
£6,475
£6,475
£7,475
Income limit for Personal Allowance
Not applicable
£100,000
£100,000
Personal Allowance for people aged 65-74 (1)(2)
£9,490
£9,490
£9,940
Personal Allowance for people aged 75 and over (1)(2)
£9,640
£9,640
£10,090
Married Couple's Allowance (born before 6th April 1935 but aged under 75) (2)(3)(4)
Not applicable
Not applicable
Not applicable
Married Couple’s Allowance (born before 6th April 1935 and aged 75 and over) (2) (3)
£6,965
£6,965
£7,295
Income limit for age-related allowances
£22,900
£22,900
£24,000
Minimum amount of Married Couple's Allowance
£2,670
£2,670
£2,800
Blind Person's Allowance
£1,890
£1,890
£1,980
Rate
2009-10
2010-11
2011-12
Starting rate for savings: 10%*
£0-£2,440
£0-£2,440
£0- £2,560
Basic rate: 20%
£0-£37,400
£0-£37,400
£0- £35,000
Higher rate: 40%
Over £37,400
£37,401-£150,000
£35,001-£150,000
Additional rate: 50%
Not applicable
Over £150,000
Over £150,000
Rate
2009
2010
2011
2012
Small Profits Rate*
Small Profits Rate can be claimed by qualifying companies with profits at a rate not exceeding
Marginal Relief Lower Limit
Marginal Relief Upper Limit
21%*
21%*
20%
£300,000
£300,000
£300,000
£300,000
£300,000
£300,000
£1,500,000
£1,500,000
£1,500,000
Standard fraction
7/400
7/400
3/200
Main rate of Corporation Tax
28%*
28%*
26%*
25%
Special rate for unit trusts and open-ended investment companies
20%
20%
20%
PAYE tax rates, thresholds and codes
Figures to use 2011-12
PAYE tax threshold
£144 per week
£623 per month
£7,475 per year
Basic tax rate
20% on annual earnings above the PAYE tax threshold and up to £35,000
Higher tax rate
40% on annual earnings from £35,001 to £150,000
Additional tax rate
50% on annual earnings above £150,000
Emergency tax code
747L
Class 1 NICs thresholds
Figures to use 2011-12
Lower earnings limit (LEL)
£102 per week
£442 per month
£5,304 per year
Secondary Threshold (ST)
£136 per week
£589 per month
£7,072 per year
Primary Threshold (PT)
£139 per week
£602 per month
£7,225 per year
Upper accrual point (UAP)
£770 per week
£3,337 per month
£40,040 per year
Upper earnings limit (UEL)
£817 per week
£3,540 per month
£42,475 per year