2008 / 09 Tax Rates
Main Income Tax reliefs
Income Tax Rates and bands
Car Benefit Assessment
Tax Free Mileage Allowances
National Insurance Contributions
Pension Contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Stamp Duty & Stamp Duty Land Tax
Earliest due dates for payment of tax
|
Income Tax Rates and bands
| |
2008/09 |
2007/08 |
| |
| Starting rate on first |
* |
£2,230 |
| Basic rate on next |
36,000 |
32,370 |
| Higher rate on taxable income over |
36,000 |
34,600 |
| |
* Starting rate band within basic rate band for savings income only: £2,320
|
| |
| Tax rates |
|
|
| Rates differ for General/Interest/Dividends |
| |
2008/09 |
|
2007/08 |
| Rates differ for General/Interest/Dividends |
G |
I |
D |
|
G |
I |
D |
| Starting rate |
N/A |
10% |
10% |
|
10% |
10% |
10% |
| Basic rate |
20% |
20% |
10% |
|
22% |
20% |
10% |
| Higher rate |
40% |
40% |
32.5% |
|
40% |
40% |
32.5% |
| General income (salary, pension, profit, rent) uses lower rate bands first, then interest, then dividends. Discretionary trusts: basic rate as above applies to the first £1,000 of income, then higher rate. |
|
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