Filename: taxflash 1005 - 50 tax bombshell updated.pdf
File Size: 223 KB
The 50% tax rate for those earning over £150,000 and the restriction of personal allowances for those earning over £100,000 took effect from April 2010, and next year, National Insurance rates are due to increase by 1% across the board. The marginal tax rate for employment and self-employment earnings between £100,000 and around £113,000 will then be an eye-watering 62%.
Published on 14 May 2010
Other publications in this series
Taxflash: Mileage rates - March 2012
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
download...
Taxflash: Mileage rates - December 2011
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
download...
Taxflash: Mileage rates - September 2011
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
download...
Company car users - changes to tax free fuel rates June 2011
HMRC regularly publish approved “fuel only” rates which have, again, changed. If you use the approved rates, you have certainty that you are claiming no more than the true cost of fuel used on business journeys and so will not be taxed on a “fuel benefit”.
download...
Taxflash: Amended tax free fuel rates for March 2011
Following the increased tax free fuel rates with effect from 1 March 2011, this guide provides full details of the rates to help you avoid any additional tax charge.
download...
Taxflash: Latest HMRC tax amnesty - it's not just for plumbers
HM Revenue & Customs (HMRC) have this month announced a ‘tax amnesty’ for plumbers and those in associated trades and there are various inducements for those who come clean regarding undeclared income.
download...
We produce a range of informative publications focusing on the latest accounting issues. Click to add yourself to our mailing list.
