TAX RATES - INCOME TAX |
|
| Tax Bands |
1998-9 |
1999-2000 |
2000-2001 |
2001-2002 |
| Lower
Rate Tax Band |
to
£4,300 |
to
£1,500 |
£1,520 |
£1,880 |
| Tax
in Band |
£860.00 |
£150.00 |
£152.00 |
£188.00 |
| Rate |
20% |
10% |
10% |
10% |
| Basic
Rate Tax Band |
£4,301
- £27,100 |
£1,501
- £28,000+ |
£1,521
- £28,400 |
£1,881
- £29,400 |
| Tax
in Band |
£5,290.00 |
£6,095.00 |
£5,913.00 |
£6054.18 |
| Rate |
23% |
23% |
22% |
22% |
| Higher
Rate Tax Band |
£27,100+ |
£28,001+ |
£28,400+ |
£29,400+ |
| Tax
in Band |
unlimited |
unlimited |
unlimited |
unlimited |
| Rate |
40% |
40% |
40% |
40% |
|
| Allowances
& Reliefs |
1998-9 |
1999-2000 |
2000-2001 |
2001-2002 |
| Personal
allowance |
£4,195.00 |
£4,335.00 |
£4,385.00 |
£4,535.00 |
| Personal
allowance 65-74 |
£5,410.00 |
£5,720.00 |
£5,790.00 |
£5,990.00 |
| Personal
allowance 75+ |
£5,600.00 |
£5,980.00 |
£6,050.00 |
£6,260.00 |
| Married
couple's allowance* |
£1,900.00 |
£1,970.00 |
£2,000.00 |
£2,070.00 |
| ...if
older partner aged 65-74* |
£3,305.00 |
£5,125.00 |
£5,185.00 |
£5,365.00 |
| ...if
older partner aged 75+* |
£3,345.00 |
£5,195.00 |
£5,255.00 |
£5,435.00 |
| Additional
Person's allowance* |
£1,900.00 |
£1,970.00 |
withdrawn |
withdrawn |
| Blind
person's allowance |
£1,330.00 |
£1,380.00 |
£1,400.00 |
£1,450.00 |
| Widow's
bereavement allowance* |
£1,900.00 |
£1,970.00 |
£2,000.00 |
£2,000.00 |
| Age
allowance withdrawn (to personal allowance levels)by £l for every £2 of income
over |
£16,200.00 |
£16,800.00 |
|
|
* = Relief limited to 15%
in 1998/99 and 10% in 1999/2000
For
tax years 1995-99 click here
Back
to the main tax rates menu
|
