UK Tax Rates 2005

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UK tax year date : 6th April 2005 - 5th April 2006
Income Tax Rates	2005 - 06
Starting tax rate	10% 0 - 2,090
Basic tax rate	22% 2,091 - 32, 400
Higher tax rate	40% Over 32, 400

Income Tax Allowances	(£)
Personal allowance	4, 895
Personal allowance for people aged 65-74	7,090
Personal allowance for people aged 75 and over	7,220
Income limit for age-related allowances	19,500
Married couple's allowance for people born before 6 April 1935	5,905
Married couple's allowance - aged 75 or more	5, 975
Minimum amount of married couple's allowance	2,280
Blind person's allowance	1, 610
Children tax credit	replaced by Tax credit
children tax credit - baby rate	replaced by Tax credit

National Insurance	2005 - 06
LEL	82
UEL	630
Employee - between LEL - UEL (A)	11%
Employee - Over UEL	1%
Employers class A	12.8%

Corporation Tax	2005 - 06
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	2005 - 06
Annual Exemption/ relief
Individuals	8,500
Trust	4,250

Inheritance Tax	2005 - 06
Nil band	275,000
Lifetime transfers	20%
Transfer within 7 years of death	40%

UK Tax Rates 2005-6

Tax Year

Income Tax

National Ins.

Corporation

Capital Gains

Inheritance