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  Summary  tax table (years comparison)  

Income Tax Rates      

2004-5 2003-04 2002-03 2001-02 2000-01 1999-00
Starting rate  10%   0 - 2,020 10%   0 - 1, 960 10%  0 - 1,920 10%  0 - 1,880 10% 0 - 1520 10% 0 - 1,500
Basic rate  22%   2,021 - 31, 400 22%  1, 961 - 30, 500 22%  1 921 - 29,900 22% 1,881 -29,400 22 1,520 - 28,400 23% 1500 - 28,000
Higher rate 40%   Over 31, 400 40%  Over 30, 500 40%  Over 29,900 40%  Over 29,400 40% Over 28,400 40% Over 28,000

Income Tax Allowances

 (£)   (£)

  (£)

(£) (£) (£)
Personal allowance 4, 745 4, 615 4,615 4,535 4,385 4,335
Personal allowance for people aged 65-74 6, 830 6, 610 6,100 5,590 5,790 5,720
Personal allowance for people aged 75 and over 6, 950 6, 720 6,370 6,260 6,050 5,980
Income limit for age-related allowances 18, 300 18, 300 17,900 17,600 17,000 16,800
Married couple's allowance for people born before 6 April 1935 5, 725 5, 565 5,465 5,365 5,185 5,125
Married couple's allowance - aged 75 or more 5, 795 5, 635 5,535 5,435 5,255 5,195
Minimum amount of married couple's allowance 2,150 2,150 2,110 . . .
Blind person's allowance 1, 560 1, 510 1,480 1,450 1,400 1,380
Children tax credit replaced by Tax credit replaced by Tax credit 5,290 . . .
children tax credit - baby rate replaced by Tax credit replaced by Tax credit 10,490 . . .

National Insurance

2004-5 2003-04 2002-03 2001-02 2000-01 1999-00
LEL 91 89.01 75 72 . .
UEL 610 595 585 575 . .
Employee - between LEL - UEL (A) 11% 11% 10% 10% . .
Employee - Over UEL 1% 1% 0% 0% . .
Employers class A  12.8% 12.8 11.8% 11.9% . .

Corporation Tax

2004-5 2003-04 2002-03 2001-02 2000-01 1999-00
Under 10,000 0% 0% 0% 10% . .
10,001 - 50,000 23.75% 23.75% 23.75% 22.5% . .
50,001 - 300,000 19% 19% 19% 20% . .
300,001 - 1.5m 32.75% 32.75% 32.75% 32.5% . .
Over 1.5m 30% 30% 30% 30% . .

Capital gains

2004-5 2003-04 2002-03 2001-02 2000-01 1999-00
Annual Exemption/ relief . . . . .
Individuals 8,200 7900 7700 7500 . .
Trust to be updated 3950 3850 3750 . .

Inheritance

2004-5 2003-04 2002-03 2001-02 2000-01 1999-00
Nil band 263,000 255,000 250,000 . . .
Lifetime transfers 20% 20% 20% . . .
Transfer within 7 years of death 40% 40% 40% . . .
To be used as a guide only

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