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UK Tax Rates 2004-5

Click on a Tax Mark to pick tax

Tax Year

Income Tax

National Ins.

Corporation

Capital Gains

Inheritance

Income tax 04-05 National Insurance4-5 Corporation Tax4-5 Capital gains4-5 Inheritants4-5

 


UK tax year date : 6th April 2004 - 5th April 2005



Income Tax Rates   top of page                          

2004 - 05
Starting  tax rate  10%   0 - 2,020
Basic  tax rate  22%   2,021 - 31, 400
Higher tax rate 40%   Over 31, 400

Income Tax Allowances top of page

  ()
Personal allowance 4, 745
Personal allowance for people aged 65-74 6, 830
Personal allowance for people aged 75 and over 6, 950
Income limit for age-related allowances 18, 300
Married couple's allowance for people born before 6 April 1935 5, 725
Married couple's allowance - aged 75 or more 5, 795
Minimum amount of married couple's allowance 2,150
Blind person's allowance 1, 560
Children tax credit replaced by Tax credit
children tax credit - baby rate replaced by Tax credit

National Insurance  top of page

2004 - 05
LEL 79
UEL 610
Employee - between LEL - UEL (A) 11%
Employee - Over UEL 1%
Employers class A  12.8%

Corporation Tax   top of page

2004 - 05
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  top of page

2004 - 05
Annual Exemption/ relief
Individuals 8,200
Trust 4,100

Inheritance Tax top of page

2004 - 05
Nil band 263,000
Lifetime transfers 20%
Transfer within 7 years of death 40%

UK tax rates, for much further information from the official authority site


Summary  table (past year uk tax rates comparison tables)

 

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