Income Tax Allowances & Rates	2010/11	2009/10
	£	£
Personal Allowance (<65)	6.475	6,475
Personal Allowance (65 to 74)	9,490	9,490
Personal Allowance (>74)	9,640	9,640
Abatement level for personal allowance *	100,000	N/A
Married Couples' Allowance (>74)	6,965	6,965
Maximum Income before abatement of age related reliefs	22,900	22,900
Blind Person's Allowance	1,890	1,890
Pension Scheme Annual Allowance Pension Scheme Lifetime Allowance	255,000 1.8m	245,000 1.75m
Rent-a-Room Relief	4,250	4,250
Inheritance Tax Threshold	325,000	325,000
* Personal allowance will be reduced by £1 for every £2 of income above this limit
NB. No relief available for married couples born before 6th April 1935.

Capital Gains Tax - Rates & Allowances	2010/11	2009/10
Annual Exempt Amount	TBA	£10,100
Capital Gains Tax Rate(s)	18%	18%
Entrepreneur's relief - first £1m of gains	10%	10%

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National Insurance Contributions - Class 1 (Employee)	2010/11	2009/10
	£	£
Lower Earnings Limit	97 weekly 420 monthly 5,044 yearly	95 weekly 411 monthly 4,940 yearly
Primary Threshold	110 weekly 476 monthly 5,720 yearly	110 weekly 476 monthly 5,720 yearly
Upper accruals point	770 weekly 3,336 monthly 40,040 yearly	770 weekly 3,336 monthly 40,040 yearly
Upper earnings limit	844 weekly 3,657 monthly 43,888 yearly	770 weekly 3,336 monthly 40,040 yearly
Rate on earnings up to primary threshold	0%	0%
Not contracted out rate on £110 - £844 weekly	11%	11%
Not contracted out rate - over £844 weekly	1%	1%
Contracted out rate on £110 - £844 weekly	9.4%	9.4%
Contracted out rate - over £844 weekly	1%	1%
Reduced rate* on £110 - £844 weekly	4.85%	4.85%
Reduced rate* - over £844 weekly	1%	1%
* The reduced rate applies to married woman or widows with a valid certificate of election. Men over 65and woman over 60 pay no primary contributions, though employers still pay the secondary contributions at the usual rate. People under 16 and their employers pay no contributions.

National Insurance Contributions - Class 1 (Employer)	2010/11	2009/10
	£	£
Earnings Threshold	110 weekly 476 monthly 5,720 yearly	110 weekly 476 monthly 5,720 yearly
Not contracted out rate (above threshold)	12.8%	12.8%
Contracted out rate: Salary-related Money-purchase	9.1% 11.4%	9.1% 11.4%

National Insurance: Other	2010/11	2009/10
	£	£
Class 1A (Employers only)	12.8%	12.8%
Class 1B (Employers only)	12.8%	12.8%
Class 2 (Self-employed)	2.40 per week	2.40 per week
Class 3 (Voluntary)	12.05 per week	12.05 per week
Class 4 (£5,715 - £43,875)	8%	8%
Class 4 (Over £43,875)	1%	1%

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Tax Bands & Rates - Income Tax	2010/11	2009/10
	£	£
Basic Rate Band (£)	37,400	37,400
Basic Rate	20%	20%
Higher Rate Band (£)	Over 37,400	Over 37,400
Higher Rate	40%	40%
Additional Rate Band (£)	Over £150,000	N/A
Additional Rate	50%	N/A
Dividends / Bank Interest & other savings income
Lower Rate Band (£)	Up to 2,440	Up to 2,440
Lower Rate	10%	10%
Basic Rate Band (£)	2,440 to 37,400	2,440 to 37,400
Basic Rate	10% / 20%	10% / 20%
Higher Rate Band (£)	Over 37,400	Over 37,400
Higher Rate	32.5% / 40 %	32.5% / 40%
Additional Rate Band (£)	Over £150,000	N/A
Additional Rate	42.5% / 50%	N/A
There is a 10% tax credit attached to dividends from 6/4/99 even though ACT is abolished from that date

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Tax Bands & Rates - Corporation Tax	2010/11	2009/10
	£	£
Small Companies Rate (SCR)	21%	21%
On profits chargeable to CT over	0	0
On profits chargeable to CT up to	300,000	300,000
Upper Marginal Rate	29.75%	29.75%
On profits chargeable to CT over	300,000	300,000
On profits chargeable to CT up to	1.5m	1.5m
Standard Rate	28%	28%
On profits chargeable to CT over	1.5m	1.5m
* The 19% non-corporate distribution rate & starting rate was repealed from 1st April 2006.

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Value Added Tax	2010/11	2009/10
	£	£
Registration Threshold	TBA	68,000 *
Standard Rate	17.5%	17.5%
Standard Rate (1st December 2008 - 31st December 2009)	15%	15%
Lower Rate	5%	5%
Zero Rate	0%	0%
* From 1st May 2009

VAT Flat Rate Scheme

The scheme is open to small businesses whose annual taxable turnover (not including VAT) does not exceed £150,000.

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Stamp taxes & Duties
Transfers of Land & Buildings (consideration paid)

As previously advised, the Stamp Duty Land Tax (SDLT) holiday, which exempts residential properties up to the value of £175,000 from SDLT, will end on 31 December 2009.

From 1 January 2010, the rates are as below:

Rate	Residential in disadvantaged areas	Residential outside disadvantaged areas	Non – Residential
0%	£0 - £150,000	£0 - £125,000	£0 - £150,000
1%	Over 150,000 - £250,000	Over £125,000 - £250,000	Over £150,000 - £250,000
3%	Over £250,000 - £500,000	Over £250,000 - £500,000	Over £250,000 - £500,000
4%	Over £500,000	Over £500,000	Over £500,000