Tax rates 2011/12

Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones are summarised here. Please use the left hand navigation to view the tax rates that are relevant to you. 

We are sure that you will find it a useful point of reference throughout the coming tax year but if you have any questions please contact us.

 

Latest news

A quarter of all taxpayers may be paying the wrong amount of tax due to PAYE errors

A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
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Struggling businesses will be required to pay tax upfront or face criminal charges

From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
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Last minute rush for small business investment tax breaks

A last minute rush to take advantage of the now closed Corporate Venturing Scheme resulted in a 65% jump in investment in small companies, to £28m, in its final year.
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Taxpayers face millions in fines for not completing tax returns - even if they do not owe tax or are owed a rebate by HMRC!

Taxpayers who do not owe tax, or are even due a tax rebate from HM Revenue & Customs (HMRC), will be fined for the first time this year if they do not complete tax returns by January 31 2012.
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Low staff morale at HMRC is affecting level of service taxpayers receive

Continuing low levels of staff morale at HMRC is affecting the level of service taxpayers receive.
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Tax investigation income hits a record £16.5billion - up 37% in a year

The amount of extra tax gained through HMRC’s investigations into tax avoidance and evasion has hit a record £16.5 billion, says our findings.
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HMRC and HSBC Switzerland

Have you received – or are you about to receive – a letter from HM Revenue and Customs’ Risk and Intelligence Service, Criminal Intelligence Group?
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Taxpayers with Swiss bank accounts to receive letters from HMRC this week threatening investigation into their tax affairs

Thousands of UK resident holders of Swiss bank accounts will receive letters from HM Revenue & Customs (HMRC) this week threatening a thorough investigation into their tax affairs according to our research.
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Former tax director at Grant Thornton joins UHY Hacker Young

Our London office has appointed a new partner, Chris Mills, to lead and strengthen their growing personal tax team.
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Latest publications

SME news - Spring 2012

SME news Jan 2012

Our quarterly newsletter for SMEs gives a run-down of the latest tax, payroll, HR and general business news for small and medium-sized businesses.
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Budget summary 2012

Budget cover

Our summary of George Osborne's 2012 Budget announcement is now available to download.
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Taxflash: Mileage rates - March 2012

HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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SME news - Winter 2011

Our quarterly newsletter for SMEs gives a run-down of the latest tax, payroll, HR and general business news for small and medium-sized businesses.
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UHY International UHY studies 2011

International UHY studies

Download our International UHY studies to read about the wide tax gaps among countries, the varying corporate taxes between countries and that business start-up rates are five times faster in BRIC countries than in other nations.
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2011 Autumn Statement

Autumn Statement 2011

Chancellor George Osborne delivered his 2011 Autumn Statement to Parliament on Tuesday 29 November 2011. In his statement he explained what action the Government will take to safeguard the UK from global instability and the euro area crisis and build a stronger, more balanced economy for the future.
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Taxflash: Mileage rates - December 2011

Taxflash December 2011

HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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Tax update, issue 35

Tax Update Issue 35

Download the latest Tax update newsletter to find out the latest on tax news and a summary of recent VAT issues.
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iXBRL fact sheet

WEBSITE Image of general version

This document explains what iXBRL is, outlines the requirements for electronic filing of business tax returns and the potential implications for your company.
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