| |
|
2005-06 |
2006-07 |
Income Tax
Personal Allowances
Starting Rate Band
Basic Rate Band
Higher Rate Band |
under age 65
Age 65 - 74
Age 75 & over
10%
22% ( non-savings rate)
40% |
£4895
£7090
£7220
£2090
£30310
£32400 |
£5035
£7280
£7420
£2150
£31150
£33300 |
| |
|
|
|
| Capital Gains Tax |
|
£8500 |
£8800 |
| Corporation Tax |
First £10000
Next £40000
Next £250000
Next £1.2 million
Over £1.5 million |
0%
23.75%
19%
32.75%
30% |
19%
19%
19%
32.75%
30% |
Corporation Tax Payment
|
Due 9 months and one day after the end of accounting
period or by quarterly instalments if large company
|
| VAT Registration Threshold |
From 1st April
|
£60000 |
£61000 |
| 2005-06 Returns Filing and Issuing
Deadlines |
19 May 2006
31 May 2006
6 July 2006
31 January 2007 |
P14, P35,P38, P38A and CIS36
Issue P60s to employees
P90, P11D and P11Db - and appropriate copies to employees
Self Assessment Tax Return |
| |
|
