Pre-Budget Report 2009 Introduction Personal tax Tax rates and allowances Furnished holiday lettings Pensions and Credits State Pension Rates of tax credit National Insurance Contributions Rates and limits: 2010/11 Rates and limits: 2011/12 Employees Bankers' bonuses Electric cars and vans Cars up to 2012 Car fuel Works canteen Savings Pension contributions Capital Gains Tax Annual exemption and rate Inheritance Tax Rates and threshold Stamp Duty/Stamp Duty Land Tax Extended holiday ends Corporation Tax Rate of tax Business Tax Bank payroll tax Capital allowances Research and development Time to pay Empty property rates relief Value Added Tax Standard rate Flat rate Other Measures Equitable liability Offshore disclosure opportunity Public sector pay and pensions Tax avoidance

Rates and limits: 2011/12 Last year we were told that the main rates of NIC would rise by 0.5% in 2011/12. This has now been revised further upwards: Employees' Class 1 NIC will rise from 11% to 12% from the Primary Threshold up to the Upper Earnings Limit, and from 1% to 2% above that Employers' Class 1 NIC will rise from 12.8% to 13.8% on earnings above the Primary Threshold Employers' Class 1A NIC on benefits will also rise from 12.8% to 13.8% Self-employed Class 4 NIC will rise from 8% to 9% from the lower to upper profits limits, and from 1% to 2% above that To offset the effect of this increase on lower-paid workers, the lower threshold will increase by £570 more than the rate of inflation in April 2011. This is supposed to mean that only those earning more than £20,000 will pay more in NICs as a result. Recent attempts to set the thresholds for income tax and NICs at the same levels have clearly been abandoned.