Barnes Roffe

Tax Facts 2003/04

 
Central London, East London, Uxbridge and Dartford

Thursday, August 28, 2008   
Income Tax
Personal Pensions (PPS) & Retirement Annuities (RAP)

Car Benefits

National Insurance

Capital Gains Tax

Inheritance Tax

Corporation Tax

Valu Added Tax

Key Assessment Dates

Capital Gains Tax

  2003/04 (£) 2002/03 (£)
Annual exemption - individuals 7,900 7,700
Annual exemption - trusts *3,950 *3,850
Chattels exemption 6,000 6,000

* These exemptions are doubled for certain trusts relating to the disabled or infirm.

Rates: Individuals are taxed at the rates of 10%, 20% or 40% depending on their income tax bands. Gains are charged at 34% for trusts.
 
 

Income Tax | Personal Pensions & Retirement Annuities | Car Benefits | National Insurance Contributions | Capital Gains Tax

Inheritance Tax | Corporation Tax | Value Added Tax | Key Assessment Dates

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