Home > > 2008/09 Rates and Allowances

2008/09 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.

This tax year there are the following key changes in the tax rates and tax system:

Starting rate band

From 6 April 2008 there is no 10% starting rate band.

Income tax

  • Income tax now 20%

Corporation tax

  • Main rate: 28%
  • Small companies' rate: 21%

Capital gains tax

  • Standard rate: 18%
  • Entrepreneurs' relief on £1 million - effective rate: 10%

Capital allowances

  • New annual investment allowance for first £50,000: 100%

While there is comprehensive information on our site, as our terms and conditions indicate, this information does not cover all situations or provide advice. Do please contact us for advice.

Finding your way through the maze of information available on the internet presents a challenge. Our site is always up-to-date to provide our clients with information to complement our range of client services.

Business Solutions
Here you will find over 100 fact and information guides covering wide-ranging aspects of business planning and management.

Personal Planning
As with all aspects of our service we aim to work with our clients to enable them to maximise their wealth and to build value and security for the family as well as the business.

Tax Strategies
Proper knowledge of the tax system and planning your tax is as important now as ever before. Our tax guides are designed to give you valuable insights into the areas where tax planning can be carried out.
Praxity
UK200 Group
Traditional Values Progressive Thought