| 2011/12 | 2010/11 | ||
|---|---|---|---|
| Band £ | Rate % | Band £ | Rate % |
| 0 - 2,560 | 10* | 0 - 2,440 | 10* |
| 0 - 35,000 | 20** | 0 - 37,400 | 20** |
| 35,001 - 150,000 | 40*** | 37,401 - 150,000 | 40*** |
| Over 150,000 | 50**** | Over 150,000 | 50**** |
*Only applicable to dividends and savings income. The 10% rate is not available if taxable non-savings income exceeds £2,560 (£2,440).
** Except dividends (10%).
*** Except dividends (32.5%).
**** Except dividends (42.5%).
Other income taxed first, then savings income and finally dividends.
A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
read more...
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.
read more...
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.
read more...
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.
read more...
Continuing low levels of staff morale at HMRC is affecting the level of service taxpayers receive.
read more...
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.
read more...
Have you received – or are you about to receive – a letter from HM Revenue and Customs’ Risk and Intelligence Service, Criminal Intelligence Group?
read more...
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.
read more...
Our London office has appointed a new partner, Chris Mills, to lead and strengthen their growing personal tax team.
read more...
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.
read more...
Our summary of George Osborne's 2012 Budget announcement is now available to download.
read more...
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
read more...
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.
read more...
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.
read more...
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.
read more...
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
read more...
Download the latest Tax update newsletter to find out the latest on tax news and a summary of recent VAT issues.
read more...
This document explains what iXBRL is, outlines the requirements for electronic filing of business tax returns and the potential implications for your company.
read more...
