Personal Income Tax Rates 2005-6

Income tax allowances	2003-04 (£)	2004-05 (£)	2005-06 (£)
Personal allowance	4,615	4,745	4,895

Capital gains tax annual exempt amount:
Individuals etc:	7,900	8,200	8,500
Other trustees:	3,950	4,100	4,250

Inheritance tax threshold	255,000	263,000	275,000

Pension schemes earnings cap	99,000	102,000	105,600

Taxable Bands	2003-04 (£)	2004-05 (£)	2005-06 (£)
Starting rate 10%	0 - 1,960	0 - 2,020	0 - 2,090
Basic rate 22%	1,961 - 30,500	2,021 - 31,400	2,090 - 32,400
Higher rate 40%	Over 30,500	Over 31,400	Over 32,400

We have included only the most frequently accessed personal tax tables above. You can access the full list, including tax credits, savings, pensions and stamp duty rates directly from the Inland Revenue site.
----------
Sign Up! - Make sure you sign up to our FREE weekly newsletter for the latest tax news and advice for small companies. Posted March 23, 2005

Business Services

Compare Quotes

Latest articles in Tax Rates

Tax changes for the 2008/9 tax year
[April 7, 2008] Summary of the main tax changes which take effect from 6th April 2008 - including income tax, CGT, corporation tax, capital allowances, national insurance, and indirect taxes.

Income Tax Personal Allowances & Taxable Bands - 2008/9
[March 12, 2008] Personal income tax allowances for the 2008/9 tax year.

Vehicle Excise Duty (VED) Rates 2008/9
[March 12, 2008] Vehicle Excise Duty rates for 2008/9 - including a £100 increase in duty for Band G vehicles.

Corporation Tax Rates 2008/9
[March 12, 2008] Corporation Tax Rate Tables for 2008/9 tax year

National Insurance Rates 2008/9 - NI Rates
[January 8, 2008] National Insurance rates for the 2008/9 tax year.

2008/9 Tax Rates and Allowances announced
[December 6, 2007] The government has published the 2008/09 rates and allowances for income tax, national insurance contributions (NI), the state retirement pension as well as other benefits and allowances.

Vehicle Excise Duty (VED) Rates 2007/8
[March 21, 2007] Vehicle Excise Duty rates for 2007/8

Corporation Tax Rates 2007/8
[March 21, 2007] Corporation Tax Rate Tables for 2007/8 tax year

Income tax, Capital Gains Tax, Inheritance Tax Rates - 2007/8
[March 21, 2007] Income Tax, Capital Gains Tax and Inheritance Tax rates for the 2007/8 tax year.

National Insurance Rates 2007/8 - NI Rates
[March 9, 2007] National Insurance rates for the 2007/8 tax year.

Our Partners