|
UK Tax Rates
2007-8
Click on a to
pick tax
Tax Year
|
Income Tax
|
National
Ins.
|
Corporation
|
Capital
Gains
|
Inheritance
|
| 2007
- 8 |
 |
 |
 |
 |
 |
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|
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 |
|
Remember
tax cuts start next year 2008
UK tax year date : 6th April 2007 - 5th April 2008 |
|
Income
Tax Rates
|
2007 - 08 |
| Starting tax
rate |
10% 0 - 2,230 |
| Basic tax
rate |
22% 2,231 - 34,600 |
| Higher tax
rate |
40% Over 34,600 |
|
|
|
Income Tax Allowances 
|
(£) |
| Personal
allowance |
5,225 |
| Personal
allowance for people aged 65-74 |
7,550 |
| Personal
allowance for people aged 75 and over |
7,690 |
| Income limit for
age-related allowances |
20,900 |
| Married couple's
allowance - aged 75 or more |
6,365 |
| Minimum amount
of married couple's allowance |
2,440 |
| Blind person's
allowance |
1,730 |
|
|
|
National
Insurance 
|
2007 - 08 |
| LEL
per week |
87 |
| UEL
per week |
670 |
| Primary Theshold
per week |
100 |
| Secondary
Threshold per week |
100 |
| Employee -
between PT - UEL (A) |
11% |
| Employee - Over
UEL |
1% |
| Employers class
1 |
12.8% |
|
|
|
Corporation Tax 
|
2007 - 08 |
| 0
- 300,000 |
20% |
| 300,001 -
1.5m |
marginal relief fraction 1/40 |
| Over 1.5m |
30% |
|
|
|
Capital gains 
|
2007 - 08 |
| Annual
Exemption/ relief |
|
| Individuals |
9,200 |
| Trust |
4,600 |
|
|
|
Inheritance Tax
Pre-budget - good article in telegraph
|
2007 - 08 |
| Nil band |
300,000 |
| Lifetime
transfers |
20% |
| Transfer within
7 years of death |
40% |
|
|
UK tax rates, for
much further information from the official authority site

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