


| Corporation Tax Rates | 2011/12 | 2010/11 |
| Small Company rate (£0 - £300,000) | 20% | 21% |
| Main rate (> £1,500,000) | 26% | 28% |
| Effective marginal rate (£300,000-£1,500,000) | 27.5% | 29.75% |
| Fraction for marginal rate relief | 3/200 | 7/400 |
| Capital Gains Tax | 2011/12 | 2010/11 |
| Annual exemption | 10,600 | 10,100 |
| Value Added Tax | 2011/12 | 2010/11 |
| VAT Registration Threshold | 73,000 | 70,000 |
| Inheritance Tax | 2011/12 | 2010/11 |
| Rate | 40% | 40% |
| Nil Rate Band | 325,000 | 325,000 |
| 2011/12 | 2010/11 | |
| Max Personal Pension Contribution | 50,000 | 225,000 |