TAX RATES - INCOME TAX |
|
| Tax
Bands |
1995-6 |
1996-7 |
1997-8 |
1998-9 |
1999-2000 |
| Lower
Rate Tax Band |
to £3,200 |
to £3,900 |
to £4,100 |
to £4,300 |
to £1,500 |
| Tax
in Band |
£640.00 |
£780.00 |
£820.00 |
£860.00 |
£150.00 |
| Rate |
20% |
20% |
20% |
20% |
10% |
| Basic
Rate Tax Band |
£3,201 - £24,300 |
£3,901 - £25,500 |
£4,101 - £26,100 |
£4,301 - £27,100 |
£1,501 - £28,000+ |
| Tax
in Band |
£5,275.00 |
£5,184.00 |
£5,060.00 |
£5,290.00 |
£6,095.00 |
| Rate |
25% |
24% |
23% |
23% |
23% - 22.5% in 2000 |
| Higher
Rate Tax Band |
£24,300+ |
£25,500+ |
£26,100+ |
£27,100+ |
£28,001+ |
| Tax
in Band |
unlimited |
unlimited |
unlimited |
unlimited |
unlimited |
| Rate |
40% |
40% |
40% |
40% |
40% |
|
| Allowances
& Reliefs |
1995-6 |
1996-7 |
1997-8 |
1998-9 |
1999-2000 |
| Personal
allowance |
£3,525.00 |
£3,765.00 |
£4,045.00 |
£4,195.00 |
£4,335.00 |
| Personal
allowance 65-74 |
£4,630.00 |
£4,910.00 |
£5,220.00 |
£5,410.00 |
£5,720.00 |
| Personal
allowance 75+ |
£4,800.00 |
£5,090.00 |
£5,400.00 |
£5,600.00 |
£5,980.00 |
| Married
couple's allowance* |
£1,720.00 |
£1,790.00 |
£1,830.00 |
£1,900.00 |
£1,970.00 |
| ...if
older partner aged 65-74* |
£2,995.00 |
£3,115.00 |
£3,185.00 |
£3,305.00 |
£5,125.00 |
| ...if
older partner aged 75+* |
£3,035.00 |
£3,155.00 |
£3,225.00 |
£3,345.00 |
£5,195.00 |
| Additional
Person's allowance* |
£1,720.00 |
£1,790.00 |
£1,830.00 |
£1,900.00 |
£1,970.00 |
| Blind
person's allowance |
£1,200.00 |
£1,250.00 |
£1,280.00 |
£1,330.00 |
£1,380.00 |
| Widow's
bereavement allowance* |
£1,720.00 |
£1,790.00 |
£1,830.00 |
£1,900.00 |
£1,970.00 |
| Age
allowance withdrawn (to personal allowance levels)by £l for every £2 of income
over |
£14,600.00 |
£15,200.00 |
£15,600.00 |
£16,200.00 |
£16,800.00 |
* = Relief limited to 15%
in 1998/99 and 10% in 1999/2000
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