UK Tax Rates 2003-4
Click on a
to pick tax
Tax Year |
Income Tax |
National Ins. |
Corporation |
Capital Gains |
Inheritance |
|
|
|
|
|
|
UK Tax Rates | USA Tax rates |
UK VAT Section | European Vat Rates |
UK Tax Calendar | Search Tax Terms |
IR Interest Rates | Tax Articles |
ISA Limits | Tax Forms |
|
UK tax year date : 6th April 2003 - 5th April 2004 |
|
| 2003 - 04 | |
| Starting tax rate | 10% 0 - 1, 960 |
| Basic tax rate | 22% 1, 961 - 30, 500 |
| Higher tax rate | 40% Over 30, 500 |
|
Income Tax Allowances
|
(£) |
| Personal allowance | 4, 615 |
| Personal allowance for people aged 65-74 | 6, 610 |
| Personal allowance for people aged 75 and over | 6, 720 |
| Income limit for age-related allowances | 18, 300 |
| Married couple's allowance for people born before 6 April 1935 | 5, 565 |
| Married couple's allowance - aged 75 or more | 5, 635 |
| Minimum amount of married couple's allowance | 2,150 |
| Blind person's allowance | 1, 510 |
| Children tax credit | replaced by Tax credit |
| children tax credit - baby rate | replaced by Tax credit |
| 2003 - 04 | |
| LEL | 77 |
| UEL | 595 |
| Employee - between LEL - UEL (A) | 11% |
| Employee - Over UEL | 1% |
| Employers class A | 12.8 |
| 2003 - 04 | |
| 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
|
2003 - 04 |
| Annual Exemption/ relief | . |
| Individuals | 7900 |
| Trust | 3950 |
|
Inheritance Tax
|
2003 - 04 |
| Nil band | 255,000 |
| Lifetime transfers | 20% |
| Transfer within 7 years of death | 40% |
UK Tax Rates - Past and Present
UK tax rates, for much further information from the official authority site
Summary table (past year uk tax rates comparison tables)