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WILLIAM MARSHALL & CO.

Incorporated Financial Accountants
Business & Personal  Taxation Consultants
Institute of
Financial
Accountants

   
Income Tax Rates 2007/08 2006/07
 2005/06 2004/05

% %
 %
 %
Starting Rate
 10 10
 10
 10
Basic Rate
 22 22
 22
 22
Higher Rate
 40 40
 40
 40
Non Dividend Savings Rate
 10/20/40 10/20/40
 10/20/40 10/20/40
Dividend Rate
 10/32.5 10/32.5
 10/32.5
 10/32.5

 



£ £
 £
 £
Starting Rate Band
 1 - 2230 1 - 2150
 1 - 2090
 1 - 2020
Basic Rate Band
 2231 - 34600 2150 - 33300
 2091 - 32400
 2021 - 31400





Income Tax Allowances
 2007/08 2006/07 2005/06 2004/05

£ £
 £ £
Personal Allowance
 5225 5035
 4895
 4745
Personal Allowance 65 - 74
 7550 7280
 7090
 6830
Personal Allowance 75 or over
 7690 7420
 7220
 6950
Married Couples Allowance Born before 1935 & Under 75
 6285 6065
 5905
 5725
Married Couples Allowance 75 or over
 6365 6135
 5975
 5795
Minimum Amount of Married Couples Allowance 2440 2350
 2280
 -
Blind Persons Allowance
 1730 1660
 1610
 1560
   
 
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