Income Tax Rates
  For individuals and for Discretionary Trusts
Personal Allowances
  Allowances that reduce taxable income and Allowances that reduce tax
Taxable Company Car Benefits
  Scale Charge Calculator, Company Car Fuel Benefits and Inland Revenue Authorised Mileage Rates
Investments
  Investments Limits
Approved Employee Share Incentives
  Enterprise Manangement Incentive, Company Share Option Plan, Share Incentive Plan (Annual limits) and Savings Related Share Option
Pension Contributions
  Pensions
Corporation Tax
  Corporation Tax
Tax Credits
  Tax Credits
Taxable Social Security Benefits
  Main Taxable Social Security Benefits
National Insurance Contribution
  Employee, self employed, employer and voluntary contributions.
Inheritance Tax
  Rates on cumulative transfers and Main Exemptions.
Interest on Tax
  Annual Rates
Capital Gains Tax
  Annual exemptions and Taper relief
Civil Partnership Act 2004
  Civil Partnership Act 2004
Employer Provided Benefits
  Vans, Supported Childcare and Loaned Computing equipment.
Capital Allowances
  Plant & Machinery, Private Motor Cars and Other Items.
Stamp Duty
  Stamp Duty and Land Tax
Value Added Tax ( VAT )
  Vans, Supported Childcare and Loaned Computing equipment.
 
NATIONAL INSURANCE CONTRIBUTIONS 2005/06
Class 1 - Employer contributions
     
Weekly earnings
Standard
Contracted Out
   
COSR *
COMP #
 
Upto £94.00
Nil
Nil
Nil
£94.01 - £630.00
12.8%
9.3%
11.8%
Over £630
12.8%
12.8%
12.8%

Employers Class 1A and 1B NICs of 12.8% payable on taxable benefits in kind and PAYE Settlement Agreements respectively.

* COSR = Contracted out salary related scheme
# COMP = Contracted out money purchase scheme

 
NATIONAL INSURANCE CONTRIBUTIONS 2005/06
Class 1 - Employee contributions
     
Weekly earnings
Standard
Contracted Out
   
COSR *
COMP #
 
Upto £82.00 (LEL) ~
£4,264
Nil
Nil
£82.01 - £94.00  
Zero #
Zero
£94.01 - £630.00
11%
9.4%
Over £630 (UEL) *
£32,760
1%
1%

Employers Class 1A and 1B NICs of 12.8% payable on taxable benefits in kind and PAYE Settlement Agreements respectively.

* Upper earnings limit
~ Lower earnings limit
# The Zero rate protects employees contributory benefit entitlements.


 
Class 2 - Self Employed
Flat rate £2.10 pw (£109.20 pa) where annual profits are £4,345 or more.

 
Class 3 - Voluntary
Flat Rate £7.35 pw

 
Class 4 - Self Employed
Flat Rate 8% on profits between £4,895 and £32,760 pa.
Flat Rate 1% on profits £32,760 pa (no maximum).


 
Important Notice
Whilst every effort has been made to ensure accuracy, information contained in these Tax Tables may not be comprehensive and readers should not act upon it without seeking professional advice. These figures are based on the budget statement of 16 March 2005 and may be affected by subsequent legislation.