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Time Line | the shifting landscape of uk taxes

9 November 2009
50 per cent bank bonus tax on anything over £25,000 introduced as government reacts to anger at financial institutions.

1 January 2010
Rate of VAT goes back up from 15 to 17.5 per cent as planned when the change was brought in at the height of the recession.

1 January 2010
Stamp duty holiday ends cutting the threshold from £175,000 back down to £125,000.

24 March 2010
Start of two year increase in stamp duty threshold for first time buyers from £125,000 to £250,000.

6 April 2010
Personal tax allowances for earnings over £100,000 are cut.

6 April 2010
Limits introduced on pension contributions for people earning more than £130,000.

6 April 2010
Isa limit rises from £7,200 to £10,200 and will increase with inflation in a bid to encourage saving.

6 April 2010
Income tax and inheritance tax thresholds are frozen.

6 April 2011
National insurance rates hit 12 per cent on income up to £43,875 and rise by one per cent on earnings above that.

March 2012
Scheme that guarantees a job or training for 18 to 24 year olds will end.

6 April 2012
Threshold for top rate tax frozen for a year.

6 April 2012
Tax credits are to be increased for families with children aged one and two.

6 April 2012
Stamp duty on homes over £1m will increase from four to five per cent. First time buyer stamp duty holiday ends.