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Tax rates and allowances

With changes in the tax system now an ever-present feature, our up-to-date knowledge is available to ensure clients' tax liabilities are planned to be at a minimum. Full details of the various tax rates and allowances can be found simply by clicking on the links to the right of this screen.

2011/12

Further to the 2011 Budget on 23 March 2011, we have now updated our tax rates and allowances. The main changes for 2011/12 include:

  • An increase in the personal allowance for those under 65 of £1,000
  • A reduction of 2 per cent in the main rate of corporation tax
  • An increase in Entrepreneurs' relief to £10,000,000