Disclaimer © 2012 Datarek Business Services, 12 Dalwood, Southend-On-Sea, Essex, UK, SS3 8UP
Tel: 01702 306 878  Email: contact@datarek.co.uk  Company Number: 07376740

Datarek Business Services

12 Dalwood, Southend-On-Sea,
Essex, SS3 8UP

Tel:  01702 306878

Email: contact@datarek.co.uk

01702 306 878

Tax Rates and Allowances comparisons and changes

Tax Rates and Allowances


With changes in the tax system now an ever-present feature, our up-to-date experience is available to ensure clients' tax liabilities are planned to be at a minimum.


 
Income Tax allowances table for the 2 tax years from 2013 to 2015






































Income Tax rates and taxable bands for the 2 tax years from 2013 to 2015




















(1) The Personal Allowance reduces where the income is above £100,000 - by £1 for every £2 of income above the £100,000 limit. This reduction applies irrespective of age or date of birth.

(2) These allowances reduce where the income is above the income limit by £1 for every £2 of income above the limit.

(3) This applies until the level of the personal allowance for those aged under 65, or from 2013 to 2014, for those born after 5 April 1948, is reached. For married couples allowance this applies until it reaches the minimum amount Tax relief for the Married Couple’s Allowance is given at the rate of 10%.

Areas and Services

Accounting in London and Essex, Payroll in London and Essex Contractor Accounting in London and Essex, Bookkeeping in London and Essex
Budgeting in London and Essex, Business Start up in London and Essex Management Consultancy in London and Essex, Company Secretary Services in London and Essex Rental Property in London and Essex, Corporation Tax Returns in London and Essex Self Assessment Tax Returns in London and Essex, VAT Returns in London and Essex

Income Tax allowances

  2013 to 2014

2014 to 2015

Personal Allowance (1)

N/A

N/A

Personal Allowance for people born after 5 April 1948 (1)

£9,440

£10,000

Income limit for Personal Allowance

£100,000

£100,000

Personal Allowance for people aged 65-74 (1)(2)

N/A

N/A

Personal Allowance for people born between 6 April 1938 and 5 April 1948 (1) (2)

£10,500

£10,500

Personal Allowance for people aged 75 and over (1)(2)

N/A

N/A

Personal Allowance for people born before 6 April 1938 (1) (2)

£10,660

£10,660

Maximum amount of Married Couple’s Allowance (born before 6th April 1935) (2) (3)

£7,915

£8,165

Income limit for age-related allowances

N/A

N/A

Income limit for the allowances for those born before 6 April 1948

£26,100

£27,000

Minimum amount of Married Couple’s Allowance

£3,040

£3,140

Blind Person’s Allowance

£2,160

£2,230

Rate

2013 to 2014

2012 to 2013

Starting rate for savings: 10%*

£0 - £2,790

£0 - £2,880

Basic rate: 20%

£0 - £32,010

 £0 - £31,865

Higher rate: 40%

£32,011 - £150,000

£31,866 - £150,000

Additional rate: 50%

 N/A

N/A

Additional rate: 45% from 6 April 2013

Over £150,000

Over £150,000