National
Insurance:
2007/08 (2006/07)
.
. .
Income Tax Corporation Tax ASC Wylie
<-----------------------------2007/08 -----------------------------> <-----------------------------2006/07---------------------->
Rates
|
Class |
Primary Threshold |
Upper Limits {UEL} |
Tax Rate |
Primary Threshold |
Upper Limits {UEL} |
Tax Rate |
|
1 - Employment {Not Contracted Out} |
£ 5,200 pa {£100 pw} |
£ 34,840 pa £670 pw} |
11% {+1% over UEL} |
£ 4,784 pa {£97 pw} |
£ 33,540 pa £645 pw} |
11% {+1% over UEL} |
|
2 - Self Employed - Flat Rate |
£4,732 pa |
- |
£2.20 pw |
£4,628 pa |
- |
£2.10 pw |
|
3 - Voluntary |
- |
- |
£7.80 pw |
- |
- |
£6.55 pw |
|
4 - Self Employed - Earnings
Related |
£5,225 |
£34,840 |
8% {+1% over UL} |
£5,035 |
£33,540 |
8% {+1% over UL} |
Notes:
Class 1
2007/08 - Employers rate is 12.8% over £5,200pa { £100 pw} - No upper limit
.............. - Contracted Out Rates 9.4% {employee} - Employer rates depend on type of scheme.
2006/07 - Employers rate is 12.8% over £5,035pa { £97 pw} - No upper limit
............... - Contracted Out Rates 9.4% {employee} - Employer rates depend on type of scheme.