1. The Budget March 2011

2. Andrew Hague Partner

3. Julie White Senior Tax Manager Mike Donnan Partner

4. Income Tax Reliefs Income Tax Reliefs ** Personal allowance reduced by £1 for every £2 of income over £100,000. ( reduce age allowance by £1 for every £2 of excess income over £24,000) 22,900 24,000 * Age allowance income limit 6,965 7,295 - 75 and over Married couple’s allowance (relief at 10%) 9,640 10,090 - 75 and over* 9,490 9,940 - 65 – 74* 6,475 7,475** - Under 65 Personal allowance 2010/11 £ 2011/12 £

5. Income Tax Rates 50 # Over 150,000 50 # Over 150,000 * Only applicable to dividends and savings income  Except dividends (32.5%) # Except dividends (42.5%) Other income taxed first, then savings income and finally dividends 40  37,401-150,000 40  35,001-150,000 20 0 – 37,400 20 0 – 35,000 10* 0-2,440 10* 0-2,560 % £ % £ Rate Band Rate Band 2010/11 2011/12

6. National Insurance UEL 2011/12 - £817 pw (2010/11 - £844pw) 1% 2% Above UEL 8% 9% Up to UEL Self Employed 12.8% 13.8% Employers 1% 2% Above UEL 11% 12% Employees Up to UEL 2010/11 2011/12

7. Tax Rates for individual earning £200,000 £’s

8. Impact on gross income £200,000 £’s

16. Research and Development Tax Credits for SME’s

23. Enterprise Investment Scheme

30. Entrepreneurs’ Relief

47. Tax Avoidance - where are we now?

52. Disguised remuneration Trading Company EBT Loan Funds

57. Ailsa Cowdell VAT Manager

65. Questions?

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