UK Tax Rates 2006

UK Tax rates 2009 - 10 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 VAT Section IR Interest Rates USA Tax rates
UK tax year date : 6th April 2006 - 5th April 2007
Income Tax Rates	2006 - 07
Starting tax rate	10% 0 - 2,150
Basic tax rate	22% 2,151 - 33, 300
Higher tax rate	40% Over 33, 300

Income Tax Allowances	(£)
Personal allowance	5,035
Personal allowance for people aged 65-74	7,280
Personal allowance for people aged 75 and over	7,420
Income limit for age-related allowances	20,100
Married couple's allowance - aged 75 or more	6,135
Minimum amount of married couple's allowance	2,350
Blind person's allowance	1,660
Children tax credit	replaced by Tax credit
children tax credit - baby rate	replaced by Tax credit

National Insurance	2006 - 07
LEL	84
UEL	645
Employee - between LEL - UEL (A)	11%
Employee - Over UEL	1%
Employers class A	12.8%

Corporation Tax	2006 - 07
Under 10,000	19%
10,001 - 50,000	19%
50,001 - 300,000	19%
300,001 - 1.5m	marginal relief fraction 11/400
Over 1.5m	30%

Capital gains	2006 - 07
Annual Exemption/ relief
Individuals	8,800
Trust	4,400

Inheritance Tax	2006 - 07
Nil band	285,000
Lifetime transfers	20%
Transfer within 7 years of death	40%

UK Tax Rates 2006-7