Terence Houghton & Co. Ltd

2009-10 Tax Rates

• Income Tax Rates
• Income Tax Reliefs
• Tax Credits
• Pension Premiums
• Car, Van, Fuel Benefits
• Mileage Allowances
• Individual Savings (ISAs)
• Corporation Tax
• Capital Allowances
• Value Added Tax
• Capital Gains Tax
• Inheritance Tax
• Stamp Duty, Land Tax
• National Insurance
• Social Security Benefits
• Key Dates

Corporation Tax

	Year to 31.3.10		Year to 31.3.08
	Profits band £	Rate %	Profits band £	Rate %
Small companies rate	0 - 300,000	21*	0 - 300,000	221*
Marginal (small companies) rate	300,001 - 1,500,000	29.75*	300,001 - 1,500,000	229.75*
Full ratee	Over 1,500,000	28*	Over 1,500,000	28*
Small companies fraction		7/400*		7/400*

The profits limits are reduced for accounting periods of less than 12 months and for a company with associated companies. .

*Different rates apply for ring-fenced (broadly oil industry) profit.