Are you a member ?
Home > Tax News > HMRC > HMRC Publishes New Tax and NIC Rates, Thresholds for 2011/12
HMRC Publishes New Tax and NIC Rates, Thresholds for 2011/12 Print E-mail
User Rating: / 9
Share on Facebook

HM Revenue & Customs has published the Income Tax allowances, rates and thresholds, NIC rates, Tax Credit rates and thresholds, and the Individual Savings Account (ISA) subscription limit, to be used from 6 April 2011.

Details can be found at: Tables Confirming Tax and Tax Credit Rates and Thresholds for 2011-12

As expected, there's been a significant rise in the National Insurance Contributions threshold, (i.e., the earnings level at which NICs start to be due), broadly to match the rise in Income Tax Personal Allowance previously announced. However, the 1% rise in both Employees' and Employers' NICs will mean many will suffer from an overall reduction in net income, despite the increase in tax/NI-free thresholds.

Only registered users can write comments!

About The Author

TW Articles Editor
Lee is TaxationWeb's Articles & News Editor and writes for TaxationWeb. He is a Chartered Tax Adviser with experience of advising individuals and owner-managed businesses over a broad spectrum of tax matters.

Article Added Thursday, 09 December 2010 | 6820 Hits


Your attention is drawn to the disclaimer on this site, which applies to the content in this section. The content is based on tax legislation in operation at the time of publication, which may subsequently have changed. Whilst every care has been taken in its production, neither the author nor TaxationWeb Ltd. can accept responsibility for any action undertaken or refrained from as a consequence of this material.

"A Practical Approach to Auto Enrolment"

Click  to see this talk from the latest ICPA Conference


Tax Books


Pension Choices: A Tax Guide 2014-15

A plain English guide to the rapidly changing tax rules for pensions, and to the part those rules play in tax planning


Tax Planning 2014/15

Tax Planning 2014/15 covers the many situations and tax planning opportunities that practitioners encounter everyday when dealing with their clients? tax affairs. This book is full of easily implementable technical suggestions and advice.
Core Tax Annuals 2014/15 Full Set

Includes six Core Tax Annuals plus CD-ROM and are all fully updated to the latest Finance Act
Stamp Duty Land Tax (3rd edition)

A direct and approachable guide to the complexities of SDLT.
Employee Benefits & Expenses: 2-volume bundle

Clear, practical commentary on the taxation of employee benefits and expenses, across two volumes, with a discounted price when both books bought together.
Hitwise Award Winner Apr-Jun 2008 Hitwise Award Winner Jul-Sep 2008 Hitwise Award Winner Oct-Dec 2008 Hitwise Award Winner Jan-Jun 2009 Hitwise Award Winner Jul-Dec 2009 Hitwise Award Winner 2011 Alexa - Most popular news and media website

TaxationWeb Limited (Registered in England No. 4571386), 6 Coleby Avenue, Peel Hall, Manchester, M22 5HH, United Kingdom

By using this website, you agree to using cookies. Cookies are small text files stored on your browser when you use websites and applications (learn more about cookies).
You can control how websites use cookies by configuring the privacy settings within your browser (please refer to your browser help function to learn more about cookie controls).
Note that if you disable cookies entirely, there are parts of this website which may not function properly (e.g. logging in, commenting, etc).

Website by Dorifor Internet Marketing