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TAX FACTS 2002/2003

Вся информация относительно ставок налогов принятых в Великобритании в 2002-2003 годах приведенная ниже предоставлена аудиторской компанией Horwath Clark Whitehill (Chartered Accountants). Однако во избежании каких либо ошибок, при рабочем использовании данной информации, необходимо обращаться за советом к профессионалам.
 

Income Tax Rates

Bands, Ј(GBP)
Rate,%
Tax on band, Ј(GBP)
1-1,92010192
1,921-29,900226,156
Over 29,90040 
Dividends receive a 10% tax credit. Higher rate taxpayers pay further tax of 22.5%


Allowances and Reliefs

 
Ј(GBP)
Personal allowance
4,615
Married couple's allowance
nil
Additional personal allowance
nil
Children's Tax Credit
5,290 **
Children's Tax Credit - baby rate
10,490**
Age allowance
Single person
aged 65-74
6,100
aged 75 and over
6,370
Married couple's allowance
aged 65-74
5,465*
aged 75 and over
5,535*
Age allowance reduced by 1/2
of income over
17,900
Blind person's allowance
1,480
Rent a room
4,250
Interest relief on main residence
mortgage limit
nil
*Relief restricted to 10%
**Relief restricted to 10% and reduced for higher rate taxpayers


Corporation Tax

Year to 31 March
Taxable profit
Ј(GBP)1-Ј(GBP)10,000
0%
Ј(GBP)10,001-Ј(GBP)50,000*
23,75%
Ј(GBP)50,001-Ј(GBP)300,000
19%
Ј(GBP)300,001-Ј(GBP)1,500,000**
32,75%
Over Ј(GBP)1,500,001
30%
 
*Marginal relief fraction
19/400
**Marginal relief fraction
11/400


Capital Allowances

 
First year/Initial Allowance
Writing-down Allowance
Plant & Machinery - Long Life
nil
6%
Plant  & Machinery - Energy Saving
100%
nil
Plant & Machinery - other
40%*
25%
Low emission cars
100%
nil
Industrial Buildings
nil
4%
Agricultural Buildings
nil
4%
Enterprise Zone
100%
nil
Scientific Research
100%
nil
 
* Only available for qualifying expenditure incurred by small or medium size businesses. From 1 April 2000 to 31 March 2003, 100% first year allowances are available for investments by small enterprises on information and communication technology.


Capital Gains Tax

 
Ј(GBP)
Annual exemption
- individuals
7,700
- settlements
3,850
Retirement relief (available from age 50)
- exempt gains
50,000
- 50% reduction of gains up to
200,000
 
For gains realised after 5 April 1998, indexation allowance is frozen and the gain reduced by a tapering relief according to how the asset has been held after 5 April 1998
Different rates of taper relief apply dependent on whether the disposal is of a business or non business asset.



Number of complete years after 5.04.98 for which asset held Business assets chargeable for disposals in 2002/2003 Business assets equivalent tax rate for higher rate taxpayer Non business assets chargeable for disposals in 2002/2003
  % % %
0 100 40 100
1 50 20 100
2 25 10 100
3 25 10 95
4 25 10 90
5 25 10 85
6 25 10 80
7 25 10 75
8 25 10 70
9 25 10 65
10 or more 25 1060


Car Scale Benefit

From 6 April 2002 car benefit is based on a percentage of the car's list price (subject to a ceiling of Ј(GBP)80,000) graduated according to the level of the car's CO2 emissions. This applies to cars first registered on or after 1 January 1998. There are different rules for older cars and those with no CO2 figure.
Discounts apply for cars, which run on alternative fuels such as electric, Battery and liquefied petroleum gas. Supplements apply if the car runs solely on diesel.
CO2 emissions g/km % of car price CO2 emissions g/km % of car price
165 15 220 26
170 16 225 27
175 17 230 28
180 18 235 29
185 19 240 30
190 20 245 31
195 21 250 32
200 22 255 33
205 23 260 34
210 24 265 35
215 25    
Business mileage is no longer relevant for car benefits, nor is the age for cars registered from 1 January 1998 onwards.


Car Fuel Benefit

Cylinder capacity Petrol Diesel
Up to 1400cc 2,240 2,850
1401-2000cc 2,850 2,850
Over 2000cc 4,200 4,200


Inland Revenue Mileage Rates

Approved Inland Revenue tax-free mileage rates
MileageFor 2002/2003
Up to 10,000 miles40p
Over 10,000 miles25p


Employment Benefits

Applies to most directors and all employees earning at a rate of Ј(GBP)8,500 p.a. or more.
Beneficial loans
Official rate of interest for 2001/2002 - 6.25% up to and including 5 January 2002 and 5% thereafter.
Use of assets
Benefit is 20% of market value or cost to employer (if greater) plus relevant expenses. Special rules for property.


Individual Savings Accounts

The ISA annual contribution limit of Ј(GBP)7,000 lasts until 5 April 2006. There are limits of Ј(GBP)3,000 for the cash element and Ј(GBP)1,000 for the life assurance element. Savers are exempt from Income and Capital Gains Tax and a 10% tax credit will be paid on dividends from UK equities until 5 April 2004.
All PEPs held at 5 April 1999 can continue to be held, but no new investments can be made in PEPs. The PEP rules were aligned with the ISA rules from 6 April 2001 and there is no distinction between general and single company PEPs.


Charitable Giving

The minimum amount for a Gift Aid donation was abolished with effect from 6 April 2000 and all cash donations, of whatever size, made by a UK taxpayer are eligible for Gift Aid relief.

Gift Aid declarations can be made in writing, on the telephone or over the internet and must contain the name and address of the donor, the name of the charity and a statement that the donor pays sufficient income or capital gains tax to cover the tax reclaimed by the charity.

Tax relief for donations made under a deed of covenant is given under Gift Aid rules. From 1 April 2000 company donations to charity are made gross. The company claims tax relief in its computation and the charity receives no additional tax reclaim.

Measures will be introduced to allow higher rate taxpayers to carry back their portion of Gift Aid relief (18%) to the previous year. Taxpayers will be able to nominate a charity to receive all or part of a tax repayment due to them.

Income and Capital Gains Tax relief applies for gifts to charity of listed shares and securities, AIM shares, units in authorised unit trusts and shares in OEIC's. Land and buildings have now been added to this list.
Example:
Ј(GBP)
Tax relief to individual (40% taxpayer)
Net donation paid
780
Higher rate tax relief on grossed up donation
(18% x Ј(GBP)1,000)
(180)
Net cost to individual
600
Charity's position
Net donation
780
Grossed up at 22%
220
Gross receipt
1,000


VAT

From 1.4.2002
Standard Rate
17.5%
Fuel and Power Rate
5%
Installation of energy saving material
5%
VAT on fraction of gross price
7/47
Certain housing refurbishment work
5%
Annual Turnover Limits* (based on previous 12 months)  
Registration
Ј(GBP)   55,000
Deregistration
Ј(GBP)   53,000
*From 25 April 2002


Inland Revenue Interest Rates

Income Tax/Capital Gains Tax
- late paid tax
6.5%
- over paid tax
2.5%
Corporation tax - periods ended pre 1.7.99
- late paid tax
5%
- over paid tax
2%
Corporation tax - periods ended pre 30.6.99
- late paid tax
6.5%
- over paid tax
3%
Corporation Tax quarterly instalment payments
- under paid instalments
5%
- over paid instalments
3.75%
Inheritance Tax
3%
VAT 
- on under declaration
6.5%
- on official errors
3%
These rates are effective from 19 November 2001


National Insurance Contributions

Class 1 Employed. From 6 April 2002
Ј(GBP) pw earnings
Contracted in
Contracted out
Contracted out
Employee  
(salary related)
(money purchase)
Up to Ј(GBP)89.00
nil
nil
nil
Rates for earnings between Ј(GBP)89.01 and Ј(GBP)585.00
10%
8.4%
8.4%
Employer
Earnings bracket
Up to Ј(GBP)89.00
nil
nil
nil
Ј(GBP)89.01 - Ј(GBP)585.00
11.8%
8.3%
10.8%
Over Ј(GBP)585.00
11.8%
11.8%
11.8%
 
Class 2 Self-employed:
Weekly rate Ј(GBP)2.00 once earnings over Ј(GBP)4,025 p.a.
 
Class 3 Voluntary:
Weekly rate Ј(GBP)6.85
 
Class 4 Self-emloyed:
7% on annual profit between Ј(GBP)4,615 - Ј(GBP)30,420


Personal Pensions

 Contribution limit - 0% of net relevant earnings
Age on 6 April 2002 PPS RAP*
35 or less 17.5 17.5
36-45 20.0 17.5
46-50 25.0 17.5
51-55 30.0 20.0
56-60 35.0 22.5
61 and over 40.0 27.5
N.R.E. cap for P.P.S. Ј(GBP)97,200 (2001/02: Ј(GBP)95,400).
*Retirement annuity policy limits apply to policies effected before 1 July 1988.
Stakeholder pensions allow individuals to contribute up to Ј(GBP)3,600 per annum irrespective of earnings or age.


Stamp Duty

Transfers of property
Value of propertyFrom 28.3.2000
 Rate
Ј(GBP) %
1-60,000 nil
60,001-250,000 1
250,001-500,000 3
Over 500,000 4