Budget 2010 Introduction Main Income Tax reliefs Income Tax Rates and bands Car Benefit Assessment Tax Free Mileage Allowances National Insurance Contributions Pension Contributions Inheritance Tax Important Annual Limits Value Added Tax Capital Gains Tax Corporation Tax Main Capital Allowances Stamp Duty & Stamp Duty Land Tax Earliest due dates for payment of tax

Income Tax Rates and bands   2010/11 2009/10 Starting rate on band * (see note) 2,440 2,440 Basic rate band 37,400 37,400 Higher rate band 37,401-150,000 over 37,400 Additional rate over 150,000 -   * Starting rate band is within basic rate band and applies to savings income only; if taxable general income exceeds the band, the 10% rate is not available.   Tax rates     Rates differ for General/Savings/Dividends   2010/11 2009/10   G S D G S D Starting rate N/A 10% 10% N/A 10% 10% Basic rate 20% 20% 10% 20% 20% 10% Higher rate 40% 40% 32.5% 40% 40% 32.5% Additional rate 50% 50% 42.5% - - -   General income (salary, pension, profit, rent) uses lower rate bands first, then savings (interest), then dividends. Discretionary trusts: basic rate as above applies to the first £1,000 of income, then highest rate.