UK Tax Rates 2002-3

UK tax year date : 6th April 2002 - 5th April 2003
Income Tax Rates	2002 - 03
Starting tax rate	10% 0 - 1,920
Basic tax rate	22% 1 921 - 29,900
Higher tax rate	40% Over 29,900

Income Tax Allowances	(£)
Personal allowance	4,615
Personal allowance for people aged 65-74	6,100
Personal allowance for people aged 75 and over	6,370
Income limit for age-related allowances	17,900
Married couple's allowance for people born before 6 April 1935	5,465
Married couple's allowance - aged 75 or more	5,535
Minimum amount of married couple's allowance	2,110
Blind person's allowance	1,480
Children tax credit	5,290
children tax credit - baby rate	10,490

National Insurance	2002 - 03
LEL	75
UEL	585
Employee - between LEL - UEL (A)	10%
Employee - Over UEL	0%
Employers class A	11.8%

Corporation Tax	2002 - 03
Under 10,000	0%
10,001 - 50,000	23.75%
50,001 - 300,000	19%
300,001 - 1.5m	32.75%
Over 1.5m	30%

Capital gains Tax	2002 - 03
Annual Exemption/ relief	.
Individuals	7700
Trust	3850

Inheritance Tax	2002 - 03
Nil band	250,000
Lifetime transfers	20%
Transfer within 7 years of death	40%

Tax Year