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Milage Allowances
Travel - mileage and fuel allowances
Approved mileage rates
| 2011/12 | First 10,000 business miles in the tax year | Each mile over 10,000 per tax year |
|---|
| Cars and vans |
45p |
25p |
|---|
| Motor cycles |
24p |
24p |
|---|
| Bicycles |
20p |
20p |
|---|
Passenger payments – cars and vans
5p per passenger per business mile for carrying fellow employees in a car or van on journeys which are also work journeys for them. Only payments specifically for carrying passengers count and there is no relief if you receive less than 5p or nothing at all.
Budgetory Changes in Tax
Tax tables 2011-12
Income tax, capital gains tax, and inheritance tax
| Per year |
2010-11 |
2011-12 |
| Income tax personal and age-related allowances |
| Personal allowance (age under 65) |
£6,475 |
£7,475 |
| Personal allowance (age 65-74) |
£9,490 |
£9,940 |
| Personal allowance (age 75 and over) |
£9,640 |
£10,090 |
| Married couple's allowance* (age 75 and over) |
£6,965 |
£7,295 |
| Married couple's allowance* - minimum amount |
£2,670 |
£2,800 |
| Income limit for age-related allowances |
£22,900 |
£24,000 |
| Income limit for under 65 personal allowance |
£100,000 |
£100,000 |
| Blind person’s allowance |
£1,890 |
£1,980 |
| Capital gains tax annual exempt amount |
| Individuals etc. |
£10,100 |
£10,600 |
| Most trustees |
£5,050 |
£5,300 |
| Individual inheritance tax allowance |
£325,000 |
£325,000 |
| Pension schemes allowances |
| Annual Allowance |
£255,000 |
£50,000 |
| Lifetime Allowance |
£1,800,000 |
£1,800,000 |
* Married couple's allowance is given at the rate of 10%.
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New Business Payment Support Service
If you are having problems finding your tax money, you can contact the HMRC Support Service on 0845 302 1435, Monday to Friday between 8 am and 8 pm and at the weekend between 8... Read moreMinimum Fees Minimum Fees for new clients - from May 2009
Starting rates£
Sole Traders
Minimum charge, including accounts and self-assessment based on an average £45 per hour
330
Partnerships
Minimum charge, including accounts and self assessment for 2 partners, based on an average £45 per hour
460
Limited... Read morePayroll fees Payroll fees as at February 2009
Set up fee£28.75 + VAT
Number of EmployeesWeekly & Bi-WeeklyMonthly & 4 WeeklyQuarterly
£
£
£
0 to 5
18.40
23.00
51.75
6 to 10
35.65
44.85
101.20
11 to 15
52.90
65.55
149.50
16 to 20
69.00
86.25
195.50
21 to 25
82.80
103.05
235.75
over 26
By arrangement
All fees quoted are subject to VAT at the current standard rate
For... Read moreCIS Construction Industry Scheme (CIS) Services
Here at Jackson-Scott we understand that the legislation relating to CIS can be complicated and time consuming to some and we take great pride in being able to relieve this responsibility.
Read moreTaxation Taxation Services
With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet... Read moreAccountancy Accounts Preparation Services
Whatever your trading style, we can help you with your accounts. We provide services for limited companies, sole traders, partnerships, Limited Liability Partnerships, clubs and associations, landlords and property management companies.
We pride ourselves that we don't just "number... Read moreGeneral General Services
In addition to all the services you would expect from your Accountant, we can offer other helpful services, many of which are available for non-clients as well.
Amongst these are:
New Business Advice - It can be quite a task to... Read more
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