Tax - Data briefing

CGT INDEXATION ALLOWANCE The indexed rise to be used in calculating the indexation allowance in respect of gains made on assets disposed of in October 2003 is as follows 1982 1983 1984 1985 1986 1987 1988 January - 1.21 1.103 1.002 0.897 0.826 0.768 February - 1.201 1.094 0.986 0.89 0.819 0.761 March 1.299 1.197 1.087 0.968 0.888 0.815 0.754 April 1.253 1.166 1.06 0.927 0.87 0.794 0.726 May 1.237 1.157 1.052 0.918 0.866 0.792 0.719 June 1.231 1.152 1.047 0.914 0.867 0.792 0.713 July 1.23 1.141 1.049 0.917 0.873 0.794 0.711 August 1.23 1.131 1.03 0.912 0.867 0.788 0.692 September 1.231 1.122 1.026 0.913 0.858 0.783 0.685 October 1.22 1.114 1.014 0.91 0.855 0.775 0.668 November 1.209 1.107 1.008 0.904 0.839 0.766 0.66 December 1.213 1.101 1.009 0.901 0.833 0.768 0.655 1989 1990 1991 1992 1993 1994 1995 January 0.645 0.528 0.402 0.347 0.324 0.292 0.251 February 0.633 0.519 0.395 0.34 0.316 0.285 0.243 March 0.626 0.504 0.39 0.336 0.311 0.281 0.238 April 0.598 0.46 0.372 0.316 0.299 0.266 0.226 May 0.588 0.447 0.368 0.311 0.294 0.262 0.221 June 0.582 0.441 0.362 0.311 0.295 0.262 0.219 July 0.581 0.44 0.365 0.316 0.298 0.268 0.225 August 0.577 0.425 0.362 0.315 0.292 0.262 0.218 September 0.566 0.412 0.357 0.31 0.287 0.259 0.212 October 0.554 0.401 0.352 0.305 0.288 0.258 0.219 November 0.541 0.405 0.347 0.307 0.29 0.257 0.219 December 0.537 0.406 0.346 0.312 0.287 0.251 0.212 1996 1997 1998 1999 2000 2001 2002 2003 January 0.216 0.183 0.145 0.118 0.096 0.067 0.054 0.024 February 0.21 0.178 0.139 0.115 0.09 0.062 0.051 0.018 March 0.205 0.175 0.136 0.113 0.084 0.06 0.046 0.015 April 0.197 0.168 0.123 0.105 0.073 0.055 0.039 0.008 May 0.194 0.164 0.117 0.103 0.07 0.048 0.036 0.006 June 0.193 0.159 0.118 0.103 0.067 0.047 0.036 0.007 July 0.198 0.159 0.12 0.106 0.071 0.054 0.038 0.007 August 0.193 0.152 0.115 0.103 0.071 0.049 0.035 0.006 September 0.187 0.146 0.111 0.099 0.063 0.046 0.028 0.001 October 0.187 0.145 0.11 0.097 0.064 0.048 0.026 November 0.186 0.144 0.111 0.095 0.061 0.052 0.025 December 0.183 0.141 0.111 0.091 0.06 0.053 0.023 The RI month is the month in which the allowable expenditure was incurred, or March 1982 where the expenditure was incurred on or before 1 March 1982. The table given is applicable only to bodies within the charge to corporation tax on their chargeable gains. INLAND REVENUE RATES OF INTEREST Unpaid tax Beneficial loan Inheritance arrangements tax 06.03.1999 7.50 6.25 4.00 06.02.2000 8.50 no change 5.00 06.05.2001 7.50 no change 4.00 06.11.2001 6.50 no change 3.00 06.01.2002 no change 5.00 no change 06.08.2003 5.50 no change 2.00 18.11.2003 6.50 no change 3.00 FILING DEADLINES 19 January Small employers deadline for third quarter payment of PAYE/CIS 30 January Deadline for submission of personal tax return - to avoid extending enquiry window - assuming tax offices closed Saturday, 31 January 2 February Deadline for submission of personal tax return - to avoid potential 100 penalty 27 February Deadline for submission of personal tax return - to avoid potential tax related 5% surcharge (being Friday) 31 March Deadline for SMEs to incur expenditure on IT in order to claim enhanced 100% first-year allowances Source: PKF RETAIL PRICES INDEX Retail prices for November 2003 Jan 1987 = 100 December 2003 RPI due 20 January 2004 Year JAN FEB MAR APR MAY JUN 1994 141.3 142.1 142.5 144.2 144.7 144.7 1995 146.0 146.9 147.5 149.0 149.6 149.8 1996 150.2 150.9 151.5 152.6 152.9 153.0 1997 154.4 155.0 155.4 156.3 156.9 157.5 1998 159.5 160.3 160.8 162.6 163.5 163.4 1999 163.4 163.7 164.1 165.2 165.6 165.6 2000 166.6 167.5 168.4 170.1 170.7 171.1 2001 171.1 172.0 172.2 173.1 174.2 174.4 2002 173.3 173.8 174.5 175.7 176.2 176.2 2003 178.4 179.3 179.9 181.2 181.5 181.3 Year JUL AUG SEP OCT NOV DEC Average 1994 144.0 144.7 145.0 145.2 145.3 146.0 144.10 1995 149.1 149.9 150.6 149.8 149.8 150.7 149.10 1996 152.4 153.1 153.8 153.8 153.9 154.4 152.70 1997 157.5 158.5 159.3 159.5 159.6 160.0 157.50 1998 163.0 163.7 164.4 164.5 164.4 164.4 162.90 1999 165.1 165.5 166.2 166.5 166.7 167.3 165.40 2000 170.5 170.5 171.7 171.6 172.1 172.2 170.25 2001 173.3 174.0 174.6 174.3 173.6 173.4 173.35 2002 175.9 176.4 177.6 177.9 178.2 178.5 176.18 2003 181.3 181.6 182.5 182.6 182.7 Retail Prices Index, Office for National Statistics, (C) Crown Copyright 2003 For value of sterling; % increase in annual earnings; and bank base rates, see p87
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