Tax tables 2013-14

Editorial team
AccountingWEB.co.uk
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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

Per year

2012-13

2013-14

Personal allowance (age under 65)

   £8,105

  £9,440

Personal allowance (age 65-75)

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03rd Jan 2013 08:16

Main rate of CT from April 2013.

You have given as 24%

Per here it is 23%:

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

With kind regards

Clint Westwood

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My mistake - now corrected

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.

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03rd Jan 2013 10:41

Pension limit changes

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

 

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@steve01257 - well spotted

That mistake has also been corrected in the table above.

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03rd Jan 2013 14:46

Class 4 lower profits limit

This should be £7,755 as per here: http://cdn.hm-treasury.gov.uk/as2012_tax_and_tax_credit_rates_and_thresholds_051212.pdf

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07th Jan 2013 12:37

NIC lower earnings limit 2012-13

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

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

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.

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03rd Sep 2013 15:24

Stamp duty rates

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).

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By KeZico
07th Jan 2013 15:54

PA 2013-14

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

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08th Jan 2013 12:58

@KeZico

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

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21st Mar 2013 09:01

VAT Reg Threshold
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.

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21st Mar 2013 10:05

Found it.

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.

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