June Budget 2010
Well, George Osborne delivered his Emergency budget in just under one hour - setting out some predicted changes, especially with regards to income and capital gains taxes. A quick breakdown of his speech is below: Tax From January 4 next year, the main rate of VAT will rise from 17.5% to 20%. The VAT rise will [...]
Emergency Budget 2010 Calculator
Tuesday, June 22, 2010
The Chancellor, George Osborne, will be announcing the Con-Lib Coalitions first budget since the election at 12:30 PM today. A lot of speculation hints at an increase in the income tax personal allowance by £1000 to £7,475 - other tax changes are centered around Capital Gains and VAT. Remaining changes will be to expenditure on welfare, [...]
2011/2012 Tax Calculator
Thursday, March 25, 2010
We’ve just launched another new tax calculator, but this one gives an interesting insight into the announced changes for national insurance from the 2011 tax year. Our 2011/2012 Tax Calculator is fully customisable and allows you to be the chancellor, as you can tinker with all the major income tax rates, allowances, bands and tapering limits. We [...]
Budget 2010 - Highlights
Wednesday, March 24, 2010
The last budget to be given by labour for a while? Possibly, but this budget could be seen as much a fiscal response as an election response. Read our highlights.
Budget 2010 Predictions
Sunday, March 21, 2010
The chancellor has a tough schedule to keep to if he is making any major changes. With the General Election around the corner he wants to keep votes and may find it easier to postpone any hikes until after the election, it would also be difficult to push through the new finance bill before the election. A [...]
15 million people on wrong tax code leading to 240 million in tax overpaid
Sun, Aug 15, 2010
Millions of people are being taxed more than they should due tax coding notice blunders by HMRC. People mainly affected include pensioners and those with more than one source of income where the taxation is more complicated to begin with. The tax coding notice provides each taxpayer with their tax code for a particular tax year [...]
HMRC Announces Extra Statutory Concession To Come To An End Next Year
Wed, Aug 11, 2010
HMRC has announced that Extra Statutory Concession (ESC) B46 will come to an end on 31 March 2011. Businesses submitting Company Tax returns and employers’ end-of-year returns after this date must make sure the returns are submitted by the required dates to avoid fines. ESC B46 was a concession which meant people submitting [...]
Proposed Capital Gains Taxes - Do you stand to lose out?
Thu, May 27, 2010
Anyone who sells assets (shares, land, buildings, parts of a business, jewellery) is liable to pay Capital Gains Tax. Introduced by the Labour Goverment of Harold Wilson in 1965, CGT was set at 30% - later increased to 40% by the Conservatives in 1985 and reduced to 18% by Labour in 2008. When the Tories increased the [...]
New National Minimum Wage Rates
Wed, May 26, 2010
National Minimum Wage rates will be increasing as of October 2010. The new rates are as follows: £3.64 - Workers aged 16-17 (up from £3.57) £4.92 - Workers aged 18 to 20 (up from £4.83) £5.93 - Workers aged 21 and over (up from £5.80) Also from October the £5.93 minimum wage kicks in at 21, previously the adult minimum [...]
HMRC set to start outing serious tax offenders
Sun, Apr 4, 2010
As of April 1st 2010, Section 94 of the Finance Act 2009 is in force. This section provides HMRC with the power to publish details of taxpayers where it is proven they have committed certain serious tax offences. This only applies to offences committed for tax periods on or after the 1st April 2010.
- Loans made to employees Sun, Apr 4, 2010
- 0 Comments
- Tax Calculator Launched For Your Mobile Sat, Mar 27, 2010
- 1 Comment
- How much do you need be paid to achieve your chosen lifestyle? Sun, Mar 21, 2010
- 0 Comments
- Where Did My Tax Go? Tue, Mar 16, 2010
- 0 Comments
- Student Loan Overpayments Problem Wed, Mar 10, 2010
- 0 Comments
- 2010/2011 Tax Calculator
- Dividends vs Salary - Are Dividends Still The Low Tax Option
- Tax Calculator Launched For Your Mobile
- HMRC Tax Code Error
- Record number of Tax Returns filed online
- Budget 2010 - Highlights
- Mark @ paye limited: It's easier overall being a sole trader/freelancer...
- admin: Paul, if the company pension contribution of 7.2% ...
- Paul Foster: Hi My name is Paul and I am 55 years of age and...
- David Kennedy: thanks that has been a help...
- info@uktaxcalculators.co.uk: Hi David, I'm not sure about the Month 1 aspect...
- June Budget 2010
- Emergency Budget 2010 Calculator
- 2011/2012 Tax Calculator
- Budget 2010 - Highlights
- Budget 2010 Predictions
Latest Videos
Categories
- TaxPenny Blog (21)
- UK Budget 2009 (4)
- UK Budget 2010 (5)
- UK Tax News (80)
- UK Tax Videos (2)
Archives
- August 2010 (2)
- June 2010 (2)
- May 2010 (2)
- April 2010 (2)
- March 2010 (9)
- February 2010 (6)
- January 2010 (2)
- December 2009 (2)
- November 2009 (3)
- October 2009 (8)
- September 2009 (1)
- August 2009 (5)
- June 2009 (4)
- May 2009 (9)
- April 2009 (7)
- March 2009 (6)
- February 2009 (10)
- January 2009 (9)
- December 2008 (7)
- November 2008 (9)
- October 2008 (7)
Tuesday, June 22, 2010
0 Comments