17 1 2007 2008 3 G D P GDP 564,606 5,158,515 10.9 375,538 1,420,657 26.6 21 350351
18 19 52.71 40.32 93.03 52.7 40.3 2009 38.9 2007 49.2 2009 12 1 15.9 10.8 7.7 13.7 6.8 13.9 4.8 6.1 3.7 5.8 2009 12 1 13.7 13.9 7.7 6.8 6.1 4.8 2009 2009 * 155,720 33.8 1,405 28.3 105,440 22.9 347 7.0 101,300 22.0 637 12.8 48,910 10.6 436 8.9 15,220 3.3 50 1.0 34,440 7.5 56 1.1 977 19.7 1,053 21.2 461,030.100 4,961.100 Financial Statement Budget Report April 2009
19 2 NIC NIC 1799 Schedule 2005 4 6
20 18 28 2004 National Insurance Contribution PAYE Pay As You Earns 3 Tax rate Basic-rate 037,400 20 Higher-rate 37,400 40 Additional rate 150,000 50 20 40 2 2010 50 18 28 2010 4 10 Basic rate 37,400 32.5 Higher rate 37,400150,000
21 42.5 150,000 10 10 Saving income 2,440 Saving income 10 20 1 AllowanceRelief 201011 Personal allowance 6,475 201011
22 64 6,475 892 2010.6.25 137.86 65 9,490 1,308 22,900 3,156 2 1 28,930 3,988 64 6,475 892 75 9,640 1,328 22,900 3,156 2 1 29,230 3,988 64 6,475 892 100,000 13,786 2 1 112,950 15,571 Blind person s allowance 1,890 260 Married couple s allowance 1935 4 6 6,965 22,900 2 1 2,670 Relief for some investment Approved pension schemes Venture Capital Trust 40 Enterprise Investment Schemes 20 Relief for gifts charity Payroll giving scheme
23 Gift Aid Gift Aid declaration Tax Credits 2002 The Tax Act 2002 20102011 Child Tax Credit 16 19 2 Basic Family element 545 75 50,000 6,890 1 6.7 Child element 1 2,300 317 2,715 374 1,095 150 16,190 2,230 1 39 Working Tax Credit 50 16 25 30 Basic element 1,920 264 1,890 260 1 1,920 264 1 1,890 260 1,920 1,890 30 790 108 Childcare 80
24 1 175 24 2 300 41 6,420 885 1 39 2,500 9 30 Annual Declaration 1 31 2 35 33,500 Child care cost 8,500 1,920 1,890 30 790 Child care 8,500806,800 11,400 33,500 6.420 27,080 27,080 0.39 10,561,839 Basic Family element,545 Child element 2,300 2 4,600 5,145 5,984 82 PAYE PAYE 2002 PAYE Pay as You Earn
25 PAYE PAYE cumulative withholding personal allowance 1/52 1/12 PAYE PAYE PAYE Coding Notice 12 total allowance amounts taken away from your total allowancetotal deduction total allowance 10,975 total deduction 8,800 1,775 Tax code 177 T T 177 PAYE PAYE 177 T personal allowance 6,475 5,800 4,500 allowable expensive in employment 3,000 total allowances A 10,975 total deductions B 8,800 Your tax free amounts for the year is 1,775 AB 177 T 1.775 12 147
26 PAYE 5 31 7 6 P 11 D P 9 D taxable expenses and benefits PAYE PAYE 4 Corporation tax 200405 612,337 359 9,800 191 4,500 53 852 Profits Income Capital gain Companies Act, 1985 Annual return 35 Limited companies Independent audit Profits The amount of income is computed according to income tax principles.
27 The loan relationships regime Schedule D, Case Profits Indexation relief 18 Schedules and cases system The loan relationship regime Schedule A Schedule C Schedule D, Case and Case Case and Schedule F Loan interest Annual charge Schedule D Profit Total profits 1997
28 Financial period 4 1 3 31 Accounting period Profits General rate 28 Profits 150 Lower rate 21 Profits 30 Effective rate 33 Profits 30 150 Profits 30 4,100 21 800 18 30 Limited companies 30 200 Limited company 2 4,100 800 Enterprise Investment Scheme 50 700 20 Tax relief 50 3 Entrepreneurs relief 2008 4 1 100 10 4 3 3
29 5 Value Added Tax 1973 10 1991 4 17.5 5 68,000 937 Output Tax Input Tax Standard rate 17.5 Reduced rate 5 Zero rate 0 Food Sewerage services and water Book Newspaper and Magazines
30 Construction of dwellings Transport Drugs Charities Clothing and footwear 5 Exemption Land sales Private tuition 6 100 1,500 2,000
31 2,000 3 1 4 16 12 5860 2 Sarah Laing, Tax 2009/2010 for DUMMIES, John Wiley & Sons Ltd., p. 244, 2009. 3 Jane Vass, Daily Mail Tax Guide 2010/2011, Profile Books Ltd., p. 214, 2010. Sarah Laing, Tax 2009/2010 for DUMMIES, John Wiley & Sons Ltd., 2009. Jane Vass, Daily Mail Tax Guide 2010/2011, Profile Books Ltd., 2010. Walter Sinclair, ST. James s Place TAX GUIDE 2009/2010, Palgrave Macmillan, 2009. David Collison & John Tiley, UK Tax Guide 2007/08, Lexis Nexis Butterworths, 2007. Arnold Homer & Rita Burrows, Tolley s Tax Guide 2006/07, Lexis Nexis Tolley, 2006. J. A. Kay and M. A. King, The British Tax System, Oxford University Press, 1991. David W. Williams, TAXATION: A Guide to Theory and Practice in the UK, Hodder & Stoughton, 1992. 2010 9 24