Taking care of business

dg accountancy services, free tools, calculator, tax rates, tax allowances, national insurance

Calculators

Use these free tools to check and plan your finances and help you make financial decisions.

VAT Calculator
Calculate the VAT on transactions at 17.5%

Payslip Calculator
This payslip calculator performs monthly calculations for the 2006/07 tax year
on a month 1 basis.

INCOME TAX ALLOWANCES

TAX RATES2006-072005-06
Starting rate band to2,1502,090
Tax rate10%10%
Basic rate band - next31,150 30,310
Tax rate22%22%
Higher rate band
Taxable income over
33,300 32,400
Tax rate40%40%
PERSONAL ALLOWANCES  
Under 65 (at end of tax year)5,035 4,895
65-74 (at end of tax year)7,280 7,090
75 and over (at end of tax year)7,4207,220
Blind persons allowance1,6601,610
   

NATIONAL INSURANCE ALLLOWANCES

CLASS 1 (not contracted out) 2006-072005-06
Payable on weekly earnings
LEL
8482
Primary Threshold (PT)9794
UEL 645630
Employee's rate (PT to UEL) 11%11%
above UEL1%1%
Employer's rate (above PT)12.8%12.8%
No employee's national insurance is payable
for those aged 65 and over
CLASS 2 (Self-employed)2006-072005-06
Weekly 2.102.10
Small earnings exception4,465 4,345
CLASS 4
(Self-employed on profits)
2006-072005-06
Lower profits limit 5,0354,895
Upper profits limit 33,54032,760
Rate on profits between lower and upper limits 8% 8% 8%8%
Rate on profits above upper limit1%1%
   

 

 

 

DG Accountancy Services
PO Box 1600
CROYDON
CR0 4WA
England (UK)
T: +44(0) 870 777 0279
F: +44(0) 870 420 4308

Taking care of business
 
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