DGS Accounting Services Ltd
call: 01344 420 625
Latest News
30th March 2010
"The latest Budget did very little to have any significant change ahead of the forthcoming election. Most of the main tax changes were announced last year. We now await a probably second Budget after the election which is tipped for May"
Summary of Main tax changes from 6 April 2010:
Personal Allowances Remain at £6,475 up to income of £100,000. After this level they reduce by £1 for every £2 of income. Once earnings reach £112,951 you have no Personal Allowance.
Basic Rate Tax 20% On Earnings from 0 - £37,440
Higher Rate Tax 40% On Earnings from £37,441 - £150,000
Top Rate 50% On Earnings over £150,000
National Insurance remains the same.
The proposed 0.5% increase in Employers and Employees Contribution has been held over to a full 1% increase in 2011-12.
Copyright © 2010 DGS Accounting Services Limited
You are viewing the text version of this site.
To view the full version please install the Adobe Flash Player and ensure your web browser has JavaScript enabled.
Need help? check the requirements page.
