Tax Tables

For a complete list of rates and allowances visit the Inland Revenue site.

Tax Rates and Allowances

 2007-8 (£) 2008-09 (£) Increase (£)

Income tax allowances

Personal allowance

5,225 5,435 210
Capital gains tax annual exempt amount:
Individuals etc: 9,200
Other trustees: 4,600
Inheritance tax threshold 300,000

Taxable Bands

Taxable bands 2007-08 (£)

Taxable bands 2008-09 (£)

Starting rate 10%

0 - 2,230

Basic rate 22%

2,231 - 34,600 Basic rate 22% 0 - 34,600

Higher rate 40%

Over 34,600 Higher rate 40% Over 36,000

Corporation Tax Rates

Corporation tax profits 2007-08 (£)

Corporation tax profits 2008-09 (£)

Small companies' rate 20%

0 - 300,000 Small companies' rate 20%
Marginal relief 300,001 - 1,500,000 Marginal relief
Main rate 30% 1,500,001 or more Main rate 30%
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