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Tax Table Archives

Taxable Tables - 2008/2009

Taxable Tables - 2009/2010

Taxable Tables - 2010/2011

Taxable Tables - 2011/2012

Taxable Tables - 2012/2013

Taxable Tables - 2013/2014

Taxable Tables - 2014/2015

Taxable Tables - 2015/2016

Income tax

Income Tax	Amount
** Restricted to savings income only and not available if taxable non-savings income exceeds starting rate band.
Starting rate for savings **	0.00%
Basic Rate	20.00%
Higher Rate (£31,786 - £150,000)	40.00%
Additional Rate (£Over £150,000)	45.00%
Starting rate limit **	£5,000.00
Threshold of taxable income above which higher rate applies	£31,785.00
Threshold of taxable income above which additional rate applies	£150,000.00
Child Benefit effective from 7 January 2013: 1% of benefit for every £100 of income over	£50,000.00

Personal Allowances

Personal Allowances & Reliefs	Amount
*** The personal Allowance reduces by £1 for every £2 of income above the income limit irrespective of age (under the income threshold) ~ Where at least one spouse/civil partner was born before 6/4/1935
Income limit for personal allowance ***	£100,000.00
Personal Allowance (basic) ***	£10,600.00
Personal Allowance (65 - 74) ***	N/A
Personal Allowance (75 and over) ***	£10,660.00
Married/civil partners (minimum) @ 10% ~	£3,220
Married/civil partners (75 and over) @ 10%	£8,355
Income limit for age-related allowances	£27,700.00
Blind Person’s Allowance	£2,290.00
Enterprise Investment Scheme relief limit on £1,000,000 max (EIS)	30.00%
Seed Enterprise Investment Scheme relief limit on £100,000 (SEIS)	50.00%
Venture Capital Trust relief limit on £200,000 max (VCT)	30.00%
Child Tax Credit (CTC)
Child Element per child (maximum)	£2,780.00
Family Element	£545.00
Threshold for tapered withdrawal of CTC	£16105

National Insurance - Class 1 Employee Contribution.

Class 1 Employee	Weekly	Monthly	Yearly

Lower Earnings Limit (LEL)	£112.00	£486.00	£5,824.00
Secondary earnings	£155.00	£672.00	£8,060.00
Primary threshold	£156.00	£676.00	£8,112.00
Upper Accrual Point	£770.00	£3,337.00	£40,040.00
Upper Earnings Limit (UEL)	£815.00	£3,532.00	£42,385.00

National Insurance - Class 1 Employer Contribution.

Total Earnings per week (£)	Contracted in rate	Contracted out rate

Below 153.00 ~~	Nil	Nil
153.01 – 770.00	12.00%	10.60%
770.01 – 805.00	12.00%	12.00%
Excess over 805.00	2.00%	2.00%
~~

National Insurance - Class 1 Employed Not contracted out of state second pension

Class 1 Employed Not contracted out of state second pension	Employee	Employer

NIC Rate	12.00%	13.80%
No NIC on the first	£155 pw	£155 pw
NIC charged at 12%/13.8% up to	£815 pw	No limit
2% NIC on earnings over	£815 pw	N/A
Certain Married Women	5.85%	13.80%
Salary-related scheme	1.40%	3.40%

National insurance - Allowances

Sector	Allowance

Class 1A Employer	On car & fuel benefits and most other taxable benefits – 13.80%
Class 2 (Self employed)	Flat rate per week £2.80 where earnings exceed £5,965 per year.
Class 3 Voluntary	Flat rate per week £14.10
Class 4 (Self employed)	9% on profits between £8,060 - £42,385 - 2% on profits above £42,385
Employment Allowance for Business	Offset against employer’s Class 1 NIC - £2,000

Pensions

Basic State Pension	Weekly	Annual
* For pensions which started before 6/4/2010
Single Person	£115.95	£6,029.40
Dependent addition *	£69.50	£3,614.00
Total married pension *	£185.45	£9,643.40


Pension Credit
Single	£151.20	£7,862.40
Couple	£230.85	£12,004.20

Pension Allowances

Tax Year	Lifetime Allowance	Annual Allowance
Annual Allowance Charge. 20%-45% member’s tax charge on the amount of total pension input in excess of the annual allowance. Lifetime Allowance Charge 55% of excess over lifetime allowance if taken as a lump sum. 25% of excess over lifetime if taken in the form of income, which is subsequently taxed under PAYE.
2009/2010	£1,750,000.00	£245,000.00
2010/2011	£1,800,000.00	£255,000.00
2011/2012	£1,800,000.00	£50,000.00
2012/2013	£1,500,000.00	£50,000.00
2013/2014	£1,500,000.00	£50,000.00
2014/2015	£1,250,000.00	£40,000.00
2015/2016	£1,250,000.00	£40,000.00

Inheritance Tax

Transfers made after 5 April 2013	Amount

- Up to £325,000	Nil
- Excess over £325,000	40.00%
- Lifetime transfers to and from certain Trusts	20.00%
For deaths after 5 April 2013,a lower rate of 36% applies where at least 10% of the deceased’s net estate is left to charity

Main Exemptions Transfer to

•UK-Domiciled spouse/civil partner	No Limit
•Overseas Domiciled Spouse exemption	£55,000.00
•UK-Registered charities	No Limit

Lifetime Transfers
•Annual exemption per donor	£3,000.00
•Small Gift Exemption	£250.00

Wedding/civil partnership gifts by
•Parent	£5,000.00
•Grandparent	£2,500.00
•Other person	£1,000.00


Businesses, unlisted/AIM companies, certain farmland/buildings	100% relief
Other business assets	50% relief

Reduced tax charge on gifts within 7 years of death:
Years before death	Inheritance Tax Payable
• 0-3	100.00%
• 3-4	80.00%
• 4-5	60.00%
• 5-6	40.00%
• 6-7	20.00%

Annual Exempt Gifts	£3,000 per donor; £250 per done.

Main Capital & Other Allowances

Sector	Amount

Plant & machinery (excluding cars) 100% annual investment allowance (first year)	£500,000.00
Plant & machinery (reducing balance) per annum	18.00%
Patent rights & knmow how (reducing balance) per annum	25.00%
Certain Long life assets, integral features of buildings (reducing balance) per annum	8.00%
Energy & Water-efficient equipment	100.00%
Zero emission goods vehicles (new)	100.00%
Qualifying flat conversions, business premises & renovations	100.00%

Company Car Tax BIK Rates 2014-19: HMRC Fuel Type D (diesel cars) and A (all other cars)

Vehicle CO2 g/km	2014-15 %BIK Rate		2015-16 %BIK Rate		2016-17 %BIK Rate	2017-18 %BIK Rate	2018-19 %BIK Rate
	Petrol	Diesel	Petrol	Diesel	All fuels	All fuels	All fuels
01-50	5	8	5	8	7	9	13
51-75	5	8	9	12	11	13	16
76-94	11	14	13	16	15	17	19
95-99	12	15	14	17	16	18	20
100-104	13	16	15	18	17	19	21
105-109	14	17	16	19	18	20	22
110-114	15	18	17	20	19	21	23
115-119	16	19	18	21	20	22	24
120-124	17	20	19	22	21	23	25
125-129	18	21	20	23	22	24	26
130-134	19	22	21	24	23	25	27
135-139	20	23	22	25	24	26	28
140-144	21	24	23	26	25	27	29
145-149	22	25	24	27	26	28	30
150-154	23	26	25	28	27	29	31
155-159	24	27	26	29	28	30	32
160-164	25	28	27	30	29	31	33
165-169	26	29	28	31	30	32	34
170-174	27	30	29	32	31	33	35
175-179	28	31	30	33	32	34	36
180-184	29	32	31	34	33	35	37
185-189	30	33	32	35	34	36	37
190-194	31	34	33	36	35	37	37
195-199	32	35	34	37	36	37	37
200-204	33	35	35	37	37	37	37
205-209	34	35	36	37	37	37	37
210-214	35	35	37	37	37	37	37
215-219	35	35	37	37	37	37	37
220 or above	35	35	37	37	37	37	37

There is an additional 3% supplement for diesel cars not meeting Euro IV emissions standards. However, the maximum charge remains 37% of the car’s list price.
Car Fuel The benefit is calculated as the CO2 emissions % relevant to the car and that % applied to a set figure (£22,100 for 2015/16) e.g car emission 100g/km = 15% on car benefit scale. 15% of £22,100 = £3,315.

Accessories are, in most cases, included in the list price on which the benefit is calculated.
List Price is reduced for capital contributions made by the employee up to £5,000
Car Benefit is reduced by the amount of employee’s contributions towards running costs.
Fuel Scale is reduced only if the employee makes good all the fuel used for private journeys.
All cars and fuel benefits are subject to employers National Insurance Contributions (Class 1A) of 13.8%

Private Vehicles Used For Work

Cars	Cost

---- On the first 10,000 miles in the tax year	45p per mile
---- Each business miles 10,000 business miles	25p per mile

Motor Cycles	24p per mile
Bicycles	20p per mile

Motorcar Expenditure on or after 1/4/2015 (Corporation Tax) or 6/4/2015 (Income Tax)

CO2 emissions of g/km	75 or less *	76-130	Over 131

Capital Allowance	100.00%	18.00%	8.00%
* If New
Research & Development	Capital expenditure	100.00%

Tax Free Saving

Limits	Amount

Cash individual savings account (ISA).	£15,240.00
Junior ISA & Child Trust Fund	£4,080.00

Main Social Security Benefits

Child Benefit	£

---- First Child	20.70
---- Subsequent children	13.70
---- Guardian’s allowance	16.55
Employment & Support Allowance
Assessment Phase
---- Age 16 – 24	Up to 57.90
---- Aged 25 or over	Up to 73.10
Main Phase
---- Work Related Activity Group	Up to 102.15
---- Support Group	Up to 109.30
Attendance Allowance
---- Lower Rate	55.10
---- Higher Rate	82.30

---- Maximum savings ignored in calculating income	10000
Bereavement Payment (Lump sum)	2000
Widow Parent’s allowance	112.55

Job Seekers Allowance
----Age 16 – 24	57.90
---- Age 25 and over	73.10

Statutory Maternity, Paternity & Adoption Pay	139.58

Capital Gains Tax

EXEMPTIONS	£

Individuals, estates etc	11100
Trusts generally	5550
Chattels proceeds (restricted to five thirds of proceeds exceeding limit)	6000

TAX RATES
Individuals:
---- Up to basic rate limit	18.00%
---- Above basic rate limit	28.00%

Trustees & Personal Representatives	28.00%

*Entrepreneurs’ Relief - Gains taxed at:**
Lifetime limit	10.00%
* For trading businesses and companies (min 5% employee or director shareholding) held for at least one year	£10,000,000.00

Corporation Tax

Type	Amount

Full Rate	20.00%
Small Companies Rate	20.00%
Small Companies Limit	£300,000.00
Effective Marginal Rate	20.00%
Upper Marginal Limit	£1,500,000.00

Value Added Tax

Type	Amount

Standard Rate effective (4/1/2011)	20.00%
Annual Registration Threshold	£82,000.00
De-registration Threshold	£80,000.00

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