Tax rates and allowances

With changes in the tax system now an ever-present feature, our up-to-date experience is available to ensure clients' tax liabilities are planned to be at a minimum.  

Income tax and NIC rates and allowances for 2011/12 and 2012/13

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