Tax tables 2013-14

These tables reflect announcements made in December 2012. For more detail on these rates, see Tables confirming tax and tax credit rates and thresholds for 2013-14 (57kb PDF). Some rates and figures may not be confirmed until the 2013 Budget.

Income tax, capital gains tax, and inheritance tax

Income tax personal and age-related allowances

Continued...

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Comments
nogammonsinanundoubledgame's picture

Main rate of CT from April 2013.    1 thanks

nogammonsinanun... | | Permalink

You have given as 24%

Per here it is 23%:

http://www.hmrc.gov.uk/rates/corp.htm

With kind regards

Clint Westwood

John Stokdyk's picture

My mistake - now corrected

John Stokdyk | | Permalink

Thanks for alerting us - these tables are always a challenge and it helps if members point out errors so we can get them right.

I'll do a comprehensive second proof-read now to make sure nothing else has slipped through.

Pension limit changes    1 thanks

steve01257 | | Permalink

John,

I am sure that the reductions in the annual allowance to £40,000 and the lifetime allowance to £1,250,000 are only from 6 April 2014 not from April this year as stated.

Regards

Steve

 

John Stokdyk's picture

@steve01257 - well spotted

John Stokdyk | | Permalink

That mistake has also been corrected in the table above.

Class 4 lower profits limit    1 thanks

Ardeninian | | Permalink
julieclare's picture

NIC lower earnings limit 2012-13    1 thanks

julieclare | | Permalink

This should be £107 not £102. £102 was the limit for 2011/12.

John Stokdyk's picture

Didn't mean for the tables to be quite so interactive

John Stokdyk | | Permalink

Apologies again for allowing the errors to slip throug and thanks @Ardeninian and @julieclare for bringing them to our attention. They have been corrected in the text.

Our in-house proof-reading has been inadequate in this instance, but having been gone over so many times by attentive AccountingWEB members, I think the tables should now be relatively trust-worthy.

PA 2013-14

KeZico | | Permalink

Isn't the personal allowance £9205 for those aged under 65 for 2013-14 ?? (as opposed to £9440 you have)

@KeZico

Ardeninian | | Permalink

I'm afraid not: it was originally announced as £9,205 at Budget 2012, but was increased to £9,440 in the Autumn Statement

VAT Reg Threshold

Andrew288 | | Permalink

Sorry if I missed it from somewhere obvious but what are the new VAT thresholds? Small overall point but these seem to be the hardest figures to find.

Found it.

Andrew288 | | Permalink

Found VAT threshold under other heading but did ring HMRC first after noting their website was not updated.  Waiting 20 seconds (after the usual 3 minutes 45) for the figures £79K and £77K to be looked up.

Stamp duty rates

Duncan Cameron | | Permalink

I'm not casting doubt on the claim you make in your final para but the SDLT rates you give are at odds with those quoted by others eg UK.GOV  (https://www.gov.uk/stamp-duty-land-tax-rates).