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Hills Accountants & Registered Auditors
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'The Couple You Can Count On'
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Data Guide 2009/2010
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The personal tax free allowance for 2009/2010 is £6,475. For those persons aged 65-74 the tax free allowance is £9,490 and for those 75 and over the tax free allowance is £9,640. Savings only up to £2,440 @ 10%, Earned to £37,400 @ 20% Above £37,400 @ 40%
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Capital gains tax annual exemption for individuals for 2009/2010 is £10,100. All gains taxed at 18%. Inheritance Tax- Nil rate band : £325,000
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Value Added Tax registration limit at 1st May 2009 is £68,000. The standard rate of VAT is currently 15%. It will increase to 17.5% from 1 January 2010. Corporation Tax Small Company : 21% to £300,000, Marginal : 29.75% to £1.5 million, Large Company : 28% over £1.5 million.
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For a free initial consulation to see what services we may be able to offer you or for more information please telephone either Les or Sue Hill on 01978 846609 or email mail@hillsaccountants.com
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