Home Back ENewsletter Services Henry Cooper About the AAT Useful Info Links

BirchCooper

Accounting Services Ltd

 

 

2000/2001 

 

 

RATES AND ALLOWANCES 2000-2001

Income Tax
Income tax allowances 2000-01 (£)
Personal allowance 4 385
Personal allowance for people aged 65-74 5 790
Personal allowance for people aged 75 and over 6 050
Income limit for age-related allowances 17 000
Married couple’s allowance for people born before 6 April 1935 5 185
Married couple’s allowance - aged 75 or more 5 255
Minimum amount of married couple’s allowance 2 000
Children’s tax credit -
Blind person’s allowance 1 400
Taxable bands 2000-01 (£)
Starting rate 10% 0 - 1 520
Basic rate 22% 1 521 - 28 400
Higher rate 40% Over 28 400
   

National Insurance
Item  
Lower Earnings Limit £67
Upper Earnings Limit £535
Primary Threshold £76
Secondary Threshold £84
Employee's contributions 10% of £76.01 to £535
Employee's Contracted-out Rebate 1.60%
Married Women Reduced Rate 3.85%
Employer's Contribution Rates 12.20%
Employers’ contracted-out rebate, salary-related schemes 3.00%
Employers’ contracted-out rebate, money-purchase schemes 0.60%
Class 2 Self employed Contribution £2.00
Class 2 Small Earnings Exception -
Special Class 2 rate for share fishermen -
Special Class 2 rate for volunteer development workers -
Small Earnings Exception £3,825 per year
Class 3 (voluntary) Contribution £6.55
Class 4 Contributions - Upper Profits Limit £27,820 per year
Class 4 Contributions - Lower Profits Limit £4,385 per year
Class 4 - Contribution Rate 7%

Capital gains tax annual exempt amount

  
Individuals etc 7 200
Other trustees 3 600

Inheritance tax threshold

 234 000
 

Pension schemes earnings cap

 91 800
 

Corporation Tax
Starting rate 10% 0 - 10 000
Marginal relief 10 001 - 50 000
Small companies’ rate 20% 50 001 - 300 000
Marginal relief 300 001 - 1 500 000
Main rate 30% 1 500 001 or more

Value Added Tax
 
Standard rate 17.50%
Annual Registration limit £52,000
De-registration limit £50,000

 

Contact Information

Address: Suite 6b, Newman House, 4 High Street, Buckingham.  MK18 1NT   England   

Telephone:  +44(0)1280 817799

Fax:  +44(0)1280 817796

Electronic mail: info@birchcooper.com

 
  Company Registered in England - Registration Number 04275048 - Registered Address As Above
VAT Registration Number GB 775 7438 80

 

Whilst every care has been taken in the preparation of this web site, we cannot be responsible for loss occasioned by any person acting or refraining from action as a result of material contained herein. There is no substitute for professional advice specifically tailored to your personal circumstances. We can give that advice and welcome the opportunity of assisting you.

Website designed and maintained by BirchCooper Accounting Services Limited
Copyright © 2001-2009 BirchCooper Accounting Services Limited
Last modified: August 12, 2009