Introduction
Main Income Tax reliefs
Income Tax Rates and bands
Car Benefit Assessment
Tax Free Mileage Allowances
National Insurance Contributions
Personal Pensions and Retirement Annuity Premiums
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Stamp Duty & Stamp Duty Land Tax
Earliest due dates for payment of tax
Corporation Tax| Years to 31.3.2006 & 31.3.2005 | ||
| Main rate | 30% | |
| Profits above | £1.5m | |
| Small companies rate | 19% | |
| Profits between | £50k - £300k | |
| Starting rate | 0% | |
| Profits below | £10k | |
| Small/large marginal band | £300k - £1.5m | |
| Fraction (effective rate) | 11/400 (32.75%) | |
| Starting/small marginal band | £10k - £50k | |
| Fraction (effective rate) | 19/400 (23.75%) | |
| Minimum rate on profits distributed after 31 March 2004 is 19%. | ||