|
|
Tax year 2010-11 |
Tax year 2009-10 |
|
| Corporation tax | ||
| First £300,000 | 21.0% |
21.0% |
| Next £1,200,000 | 29.75% |
29.75% |
| Over £1,500,000 | 28.0% |
28.0% |
National insurance contributions:
| Employer | |
|---|---|
Payable on weekly earnings up to £110 |
0% |
£110.01 to £844 |
12.8% |
Over - £844 |
12.8% |
VAT
VAT is charged at £17.5% (7/47 as a fraction) on relevant goods.
There is a reduced rate of 5% is payable at 5% on certain goods and services such as electricity.
Capital allowances
There are a range of allowances covering energy saving equipment, Annual Investment Allowances (AIA), write downs and Enterprise Zone Allowances - we will analyse you business to determine how much can be claimed.
Vehicles
The taxable benefit is calculated as a percentage of the car’s UK list price. The calculation begins with the car's CO2 emissions in grams per kilometre and the result is a taxable percentage. Since there are a wide range of exceptions and age related rates we will calculate your individual liability on a case by case basis.
Next step
For a no-obligation quote and meeting please call us on 0151 356 1496.
