The document provides tax tables and allowances for the 2012/13 tax year in the UK. It includes income tax rates and allowances, inheritance tax rates, capital gains tax exemptions and rates, national insurance contribution rates and thresholds, corporation tax rates, and tax-privileged investment maximums such as for ISAs. The tables show the tax rates, thresholds, and allowances for the 2011/12 and 2012/13 tax years side by side for easy comparison.

1. Logo
Tax Tables 2012/13

2. 2 Tax Tables 2012/13
Main Income Tax Allowances and Reliefs
Income Tax Rates
2011/12 (£) 2012/13 (£)
Personal allowance – standard 7,475 8,105
Age 65-74 9,940 10,500
Age 75 and over 10,090 10,660
Personal allowance reduced if total income exceeds ∞ 100,000 100,000
Married couple’s allowance* – minimum amount 2,800 2,960
– maximum amount 7,295 7,705
Age-related allowances reduced if total income exceeds ¶ 24,000 25,400
Maintenance to former spouse * 2,800 2,960
Employment termination lump sum limit 30,000 30,000

3. Tax Tables 2012/13 3
∞ or 2011/12 and 2012/13
F
the reduction is £1 for 2011/12 (£) 2012/13 (£)
every £2 additional
income over £100,000. Taxpayer aged 65-74
As a result there is no 28,930 30,190
[personal allowance]
personal allowance if total
income exceeds £116,210
Taxpayer aged 75 and over
(£114,950 for 2011/12). 29,230 30,510
* elief at 10%. Available
R [personal allowance]
only if at least one of the
couple was born before 6 Taxpayer aged 75 and over
38,220 40,000
April 1935. [married couple’s allowance]
¶ or 2011/12 and 2012/13
F
the reduction is £1 for
every £2 additional
income over the total
income threshold.
Standard allowance(s)
only are available if total
income exceeds:-

4. 4 Tax Tables 2012/13
Income Tax Rate
† ssumes 10% band not
A
available. £6,603 on first 2011/12 (£) 2012/13 (£)
£34,370 (£6,744 on first
£35,000 in 2011/12) and
£52,854.60 (£52,744 in Starting rate on savings income- 10% 1 - 2,560 1 - 2,710
2011/12) on first £150,000
if full 10% band is available. Basic rate 20% 20%
° p to the first £1,000 of
U
gross income is generally Maximum tax at basic rate † 7,000 6,874
taxed at the standard
rate, ie. 20%, or 10%
as appropriate. Higher rate - 40% 35,001-150,000 34,371-150,000
Tax on first £150,000 † 53,000 53,125.60
Additional rate – 50% Over 150,000 Over 150,000
Discretionary and accumulation trusts
50% 50%
(except dividends)°
Discretionary and accumulation trusts
42.5% 42.5%
(dividends)°
Ordinary rate on dividends 10% 10%
Higher rate on dividends 32.5% 32.5%
Additional rate on dividends 42.5% 42.5%

5. Tax Tables 2012/13 5
Inheritance Tax
* Chargeable lifetime transfers only
† On the death of a surviving spouse
Cumulative chargeable tax rate tax
on or after 9 October 2007, their transfers [gross] on death rate in
personal representatives may claim
% lifetime*
up to 100% of any unused proportion
of the nil rate band of the first spouse %
to die (regardless of their date of death). 2011/12 (£) 2012/13 (£)
∞36% where at least 10% of net estate
(before deducting the charitable Nil rate band † 325,000 325,000 0 0
legacies) left to charity for deaths
occurring after 5 April 2012.
Excess No limit No limit 40∞ 20
Capital Gains Tax
Main exemptions and reliefs
2011/12 2012/13
Rates of tax
– Individuals: 18% on
Annual exemption £10,600* £10,600*
gains within basic rate
band, 28% for gains in Principal private residence exemption No limit No limit
higher and additional
rate bands Chattels exemption £6,000 £6,000
– Trustees and personal
representatives: 28% Entrepreneurs’ relief Lifetime limit Lifetime limit
£10,000,000 £10,000,000
* educed at least by
R
50% for most trusts. Gains taxed at 10% Gains taxed at 10%

6. 6 Tax Tables 2012/13
Car Benefits
The charge is based CO2 % of price CO2 % of price CO2 % of price
on a percentage of g/km subject to tax g/km subject to tax g/km subject to tax
the car’s “price”.
“Price” for this purpose 11-12 12-13 11-12 12-13 11-12 12-13
is the list price at the
time the car was first 75 or 5 5 135-9 17 18 185-9 27 28
registered plus the less
price of extras. For
cars first registered 76-99 10 10 140-4 18 19 190-4 28 29
after 31 December
1997 the charge, 100-4 10 11 145-9 19 20 195-9 29 30
based on the car’s
“price”, is graduated 105-9 10 12 150-4 20 21 200-4 30 31
according to the level
of the car’s approved 110-14 10 13 155-9 21 22 205-9 31 32
CO2 emissions.
115-19 10 14 160-4 22 23 210-4 32 33
120 10 15 165-9 23 24 215-9 33 34
121-24 15 15 170-4 24 25 220-4 34 35
125-29 15 16 175-9 25 26 225- 35 35
For petrol cars with
an approved CO2 130-34 16 17 180-4 26 27
emission figure.

7. Tax Tables 2012/13 7
Car Fuel Benefits
For cars with an approved
CO2 emission figure, the
benefit is based on a flat
amount of £20,200 (£18,800
for 2011/12). To calculate
the amount of the benefit,
the percentage figure in the
previous ‘Car Benefits’ table
(that is from 10% to 35%)
is multiplied by £20,200.
The percentage figures
allow for a diesel fuel
surcharge. For example,
in 2012/13 a petrol car
emitting 152 g/km would
give rise to a fuel benefit
of 21% of £20,200 = £4,242.

8. 8 Tax Tables 2012/13
Stamp Duty And Stamp Duty Land Tax
Residential Commercial Rate
£125,000* or less £150,000 or less Nil
Over £125,000 up to £250,000 Over £150,000 up to £250,000 1%
Over £250,000 up to £500,000 Over £250,000 up to £500,000 3%
Over £500,000 up to £1,000,000 Over £500,000 4%
Over £1,000,000 up to £2,000,000 N/A 5%
Over £2,000,000** N/A 7%
* 250,000 for first-time buyers where completion was before 25/3/2012, £150,000
£
for property in disadvantaged areas **From 22 March 2012
Stamp Duty (including SDRT): stocks and marketable securities 0.5%
No charge unless the duty exceeds £5

9. Tax Tables 2012/13 9
Corporation Tax
Year Ending 31 March
2012 2013
Main rate 26% 24%
Small profits rate * 20% 20%
Small profits limit * £300,000 £300,000
Upper marginal level £1,500,000 £1,500,000
Effective marginal rate 27.5% 27.5%
*Formerly the small companies’ rate/limit

10. 10 Tax Tables 2012/13
Tax-Privileged Investments
Maximum Investment
2011/12 (£) 2012/13 (£)
ISA Overall per tax year: 10,680 11,280
Cash component: 5,340 5,640
Stocks and shares component: Balance up to 10,680 11,280
Maximum in cash for 16 and 17 year olds 5,340 5,640
Junior ISA (from 1 November 2011) 3,600 3,600
ENTERPRISE INVESTMENT SCHEME
500,000* 1,000,000*
30% income tax relief
Maximum carry back to previous
500,000 1,000,000
tax year for income tax relief
SEED ENTERPRISE INVESTEMENT SCHEME
50% income tax relief and N/A 100,000
CGT reinvestment exemption
VENTURE CAPITAL TRUST
200,000 200,000
30% income tax relief
*No limit for CGT reinvestment relief.

11. Tax Tables 2012/13 11
Tax-Privileged Investments
Maximum Investment – Pensions
2011/12 (£) 2012/13 (£)
Lifetime allowance* 1,800,000 1,500,000
Lifetime allowance charge:
Excess drawn as cash 55% of excess
Excess drawn as income 25% of excess
Annual allowance 50,000 50,000
Annual allowance charge 20%-50% of excess
Maximum relievable personal contribution 100% relevant UK earnings or £3,600 gross if greater
*May be increased under transitional protection provisions

12. 12 Tax Tables 2012/13
National Insurance Contributions
Class 1 Employee Not Contracted Out of State 2011/12 2012/13
Second Pension (S2P)
Employee Employer Employee Employer
Main NIC rate 12% 13.8% 12% 13.8%
No NICs on first £139 pw £136 pw £146 pw £144 pw
Main NIC charged up to £817 pw No limit £817 pw No limit
2% 2%
Additional NIC rate on earnings over N/A N/A
£817 pw £817 pw
Certain married women 5.85% 13.8% 5.85% 13.8%
Contracted Out Rebates 2011/12 2012/13
Rebate on £102.01 – £770 pw £107.01 – £770 pw
Salary-related scheme 1.6% 1.6% 3.4% 1.4%
Money purchase scheme 1.6% 1.4% N/A N/A
Personal pension No reduction N/A

13. Tax Tables 2012/13 13
2011/12 2012/13
Limits and Thresholds
Weekly £ Yearly £ Weekly £ Yearly £
Lower earnings limit 102 5,304 107 5,564
Secondary earnings threshold 136 7,072 144 7,488
Primary earnings threshold 139 7,225 146 7,605
Upper accrual point 770 40,040 770 40,040
Upper earnings limit 817 42,475 817 42,475

14. 14 Tax Tables 2012/13
Self-employed and non-employed 2011/12 2012/13
Class 2
Flat rate £2.50 pw £2.65 pw
Small earnings exception £5,315 pa £5,595 pa
Class 4 Unless over state pension age on 6 April
£7,225 – £42,475 pa: 9% £7,605 – £42,475 pa: 9%
On profits
Over £42,475 pa: 2% Over £42,475 pa: 2%
Class 3 Voluntary
Flat rate £12.60 pw £13.25 pw

15. Tax Tables 2012/13 15

16. Capital Solutions
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County
Herts
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AL5
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