DESIGNED BY CARL CRADDOCK
Desined by Carl Craddock
Desined by Carl Craddock
Lumb Accountancy Services
© 2016 Lumb Accountancy Services
OTHER TAXES
VAT
Standard VAT rate 20%

Registration threshold - £83,000 from the 1st April 2016 (£82,000 01.04.15 -  31.03.16)

Deregistration threshold - £81,000 from the 1st April 2016 (£80,000 01.04.15 - 31.03.16)
MILEAGE ALLOWANCES
PER MILE
2012 / 2013
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
Cars and vans upto 10,000 miles
45p
45p
45p
45p
45p
Capital gains tax rates for basic rate tax payers
25p
25p
25p
25p
25p
CAR BENEFIT PERCENTAGES
Taxable benefit is a percentage of the full list price (including accessories) less any capital contribution made by the employee up to a maximum of £5,000

7% benefit charge for cars with CO2 emissions up to 50g/km (5% 2015-16)

11% benefit charge for cars with CO2 emissions of 51-75g/km (9% 2015-16)

15% benefit charge for cars with CO2 emissions of 76-94g/km (13% 2015/16)

There is an additional 1% benefit charge for every 5g/km over 94g/km subject to a maximum of 37% (at or above 200g/km)

A 3% surcharge applies to diesel powered vehicles up to a maximum of 37%
PERSONAL PENSION CONTRIBUTION LIMITS
 
2011 / 2012
2012 / 2013
2013 / 2014
2014 / 2016
2016 / 2017
Annual allowance
£50,000
£50,000
£40,000
£40,000
£40,000
Lifetime allowance
£1,500,000
£1,500,000
£1,250,000
£1,250,000
£1,000,000
Income tax relief available on the higher of £3,600 or relevant earnings up to the annual allowance limit.
STAMP DUTY AND STAMP DUTY LAND TAX
Residential property
24th March 2012 -
3rd December 2014
4th December
2014 onwards
£0 - £125,000
0%
0%
£125,001 -£250,000
1%
2%
£250,001-£500,000
3%
N / A
£250,001- £925,000
N / A
5%
£500,001- £1 million
4%
N / A
Over £925,000 to £1.5 million
N / A
10%
Over £1 million to £2 million
5%
N / A
Over £1.5 million
N / A
12%
Over £2 million
7%
N / A
With effect from 4 December 2014, SDLT for residential property is charged at different rates depending on the portion of the purchase price that falls within each rate band.
With effect from the 21 March 2012 a 15% SDLT rate could apply where residential property worth over £2,000,000 is purchased via a corporate entity, partnership or collective investment scheme.
Non-Residential or mixed use property
Rates are for guidance only. No responsibility for loss occasioned by any individual acting/refraining from action as a result of this information can be accepted by the authors or cormpany.
PER MILE
2012 / 2013
2013 / 2014
2014 / 2015
2015 / 2016
2016 / 2017
Cars and vans upto 10,000 miles
45p
45p
45p
45p
45p
Capital gains tax rates for basic
rate tax payers
25p
25p
25p
25p
25p
 
2011 / 2012
2012 / 2013
2013 / 2014
2014 / 2016
2016 / 2017
Annual allowance
£50,000
£50,000
£40,000
£40,000
£40,000
Lifetime allowance
£1,500,000
£1,500,000
£1,250,000
£1,250,000
£1,000,000
£0 - £150,000
0%
£150,001 -£250,000
2%
£250,001-£500,000
5%
£0 - £150,000
0%
£150,001 -£250,000
2%
£250,001-£500,000
5%


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