UK Tax Rates 2008

UK Tax rates 2008 - 9 UK Tax rates 2007 - 8 UK Tax rates 2006 - 7 UK Tax rates 2005 - 6 UK Tax rates 2004 - 5 UK Tax rates 2003 - 4 UK Tax rates 2002 - 3 UK Tax rates 2001 - 2 UK Tax rates 2000 - 1 UK Tax rates 1999 - 0	Tax Terms Explained Tax Articles / Bulletins UK Tax Calendar VAT Section IR Interest Rates USA Tax rates
UK tax year date : 6th April 2008 - 5th April 2009
Income Tax Rates	2008 - 09
Basic tax rate (*was £36,000 updated by Chancellor)*	20% 0 - 34,800
Higher tax rate *(was £36,000 updated by Chancellor)*	40% Over 34,800

Income Tax Allowances	(£)
Personal allowance *(was £5,435 updated by Chancellor)*	6,035
Personal allowance for people aged 65-74	9,030
Personal allowance for people aged 75 and over	9,180
Income limit for age-related allowances	21,800
Married couple's allowance - aged 75 or more	6,625
Minimum amount of married couple's allowance	2,540
Blind person's allowance	1,800

National Insurance	2008 - 09
LEL per week	90
UEL per week	770
Primary Theshold per week	105
Secondary Threshold per week	105
Employee - between PT - UEL (A)	11%
Employee - Over UEL	1%
Employers class 1	12.8%

Corporation Tax	2008 - 09
0 - 300,000	21%
300,001 - 1.5m	marginal relief fraction 7/400
Over 1.5m	28%

Capital gains	2008 - 09
Annual Exemption/ relief
Individuals	9,600
Trust	update

Inheritance Tax	2008 - 09
Nil band	312,000
Lifetime transfers	20%
Transfer within 7 years of death	40%

UK Tax Rates 2008-9