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TAX RATES - INCOME TAX

Tax Bands 2000-2001 2001-2002 2002-2003 2003-2004
Lower Rate Tax Band 1,520 1,880 1,920 1,960
Rate 10% 10% 10% 10%
Basic Rate Tax Band 1,521 - 28,400 1,881 - 29,400 1,921 - 29,900 1,961 - 30,500
Rate 22% 22% 22% 22%
Higher Rate Tax Band 28,400+ 29,400+ 29,900+ 30,500+
Rate 40% 40% 40% 40%
Allowances & Reliefs 2000-2001 2001-2002 2002-2003 2003-2004
Personal allowance 4,385.00 4,535.00 4,615 4,615
Personal allowance 65-74 5,790.00 5,990.00 6,100 6,610
Personal allowance 75+ 6,050.00 6,260.00 6,370 6,720
Married couple's allowance 2,000.00 2,070.00 2,110 2,150
...if older partner aged 65-74 5,185.00 5,365.00 5,465 5,565
...if older partner aged 75+ 5,255.00 5,435.00 5,535 5,635
Blind person's allowance 1,400.00 1,450.00 1,400.00 1,450.00
Widow's bereavement allowance 2,000.00 2,000.00 2,000.00 2,000.00
 Income limit for age-related allowances 16,200.00 16,800.00 17,900 18,300

 CHILDREN'S TAX CREDIT (CTC)
2002/03 (£) 2003/04 (£)
529 545*

 WORKING FAMILIES' TAX CREDIT (WFTC)
£ per Week 2002/03 £ per Week 2003/04
 Basic tax credit 62.50 n/a
 30-hour tax credit 11.65 n/a
 Child tax credits 26..45 n/a
 16 - 18 27.20 n/a
 Disabled child tax credit (1) 35.50 n/a
 Enhanced Disability TaxCredit
 (lone parent/couple)
16.25 n/a
 Enhanced Disability Tax Credit (child)  (2) 46.75 n/a
 Maximum eligible childcare costs
 allowed (3) -1 child
135.00 n/a
 Maximum eligible childcare costs
 allowed (3) - 2 or more children
200.00 n/a
 Income threshold 94.50 n/a
(1) Payable in addition to the chid tax credit
(2) Payable instead of the disabled child tax credit
(3) Childcare tax credit is 70% of eligible childcare costs allowed.

 DISABLED PERSON'S TAX CREDIT (DPTC)
£ per Week 2002/03 £ per Week 2003/04
 Single person basic tax credit 62.10 n/a
 Lone parent/couple basic tax credit 95.30 n/a
 30-hour tax credit 11.65 n/a
 Child tax credits Under 16 26.45 n/a
 16 - 18 27.20 n/a
 Enhanced Disability Tax
 Credit (lone parent/couple)
16.25 n/a
 Enhanced Disability Tax
 Credit (single person)
11.25 n/a
 Enhanced Disability Tax
 Credit (child )(1)
46.75 n/a
 Maximum eligible childcare
 costs allowed (2) - 1 child
135.00 n/a
 Maximum eligible childcare
costs allowed (2) -2 or more
 children
200.00 n/a
 Income threshold -
 single person
73.50 n/a
 Income threshold -
 lone parent/couple
94.50 n/a
(1) Payable instead of the disabled child tax credit
(2) Childcare tax credit covers 70% of eligible childcare costs allowed

For tax years 1995-99 click here
For tax years 1998-01 click here

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