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UK Tax Rates 2005-6 Click on a to pick tax Tax Year | Income Tax | National Ins. |
Corporation | Capital Gains | Inheritance |
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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 - Past and Present
UK tax rates, for much further information from the official authority site 
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