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Income Tax Rates and Allowances

Below we have constructed a table which helps to show the different tax bands for the past 5 years. This can help you calculate if you are due a tax refund from the Inland Revenue:

 

Tax Bands 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Lower Rate £2,090 £2,150 £2,230 N/A N/A
Total Tax Paid in Band £209.00 £215.00 £223.00 N/A N/A
Rate 10% 10% 10% N/A N/A
Basic Rate Band £2,091- £32,400 £2,151- £33,300 £2,231- £34,600 £0- £34,800 £0- £37,400
Total Tax Paid in Band £6,668.20 £6,852.78 £7,121.18 £6,960.00 £7,480.00
Rate 22% 22% 22% 20% 20%
Higher Rate Tax Band £32,400+ £33,300+ £34,600+ £34,800+ £37,800+
Tax in Band unlimited unlimited unlimited unlimited unlimited
Rate 40% 40% 40% 40% 40%

 

The table below shows the Tax Free allowances that each person working within the United Kingdom is entitled to earn each year before they pay any tax. If you have earned under this amount for any of the given years listed it is highly probable that you are due a tax refunds

 
Allowances & Reliefs 2005-2006 2006-2007 2007-2008 2008-2009 2009-2010
Personal allowance £4,895 £5,035 £5,225

£6,035

£6,475
Personal allowance 65-74 £7,090 £7,280 £7,550

£9,030

£9,490
Personal allowance 75+ £7,220 £7,420 £7,690

£9,180

£9,640
Married couple's allowance £2,280 £2,350 £2,440

£2,540

£2,670
...if older partner aged 65-74 £5,905 £6,065 £6,285

£6,535

N/A
...if older partner aged 75+ £5,975 £6,135 £6,365 £6,625 £6,965
Blind person's allowance £1,610 £1,660 £1,730

£1,800

£1,890
Age allowance withdrawn
by £1 for every £2 of income over
£19,500 £20,100 £20,900

£21,800

£22,900

 

 

 

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