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Tax Data 2011 / 12

Tax Data 2011 / 12
Capital Gains Tax

This guide provides an introduction to Capital Gains Tax for UK resident trusts. It covers when Capital Gains Tax needs

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Corporation Tax

Corporation Tax is a tax on the taxable profits of limited companies and other organisations including clubs, societies, associations

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Business cars and vans

Mileage rates for employees and self employed using their own cars for business:

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Pensions

There is no financial limit on the amount that may be contributed to a registered pension scheme. The maximum amount

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Other selected rates

Find out about the basic State Pension, additional State Pension, how to get a State Pension forecast and other benefits in retirement.

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Key Payment Dates

There are some key dates each year when you must send in your tax return and make payments. It's important that you're aware of these dates.

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Capital Allowances

Energy saving and environmentally beneficial equipment, new zero-emission goods vehicles, low CO2 emission

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Stamp Taxes

Stamp Duty is generally payable at a rate of 0.5% on transfers of shares and securities.

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Inheritance Tax

The IHT threshold is to be frozen at £325,000 until 2014/15. Transfer of any unused nil rate band is available from former deceased spouses

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Income Tax

Income Tax is a tax on income. Not all income is taxable and you're only taxed on 'taxable income' above a certain level. Even then, there are

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Key Return Filing Deadlines

There are some key dates each year when you must send documents. It's important that you're aware of these dates.

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Value Added Tax

Value Added Tax (VAT) is a tax that's charged on most goods and services that VAT-registered businesses provide in the UK.

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