Tax structure and parameters

           
TA.2 - Rates of Income Tax: 1973-74 to 1989-90      
1973-74
1974-75
1975-76
Bands of
taxable income(1)
£
Rate
oftax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Basic rate
up to 5,000
30
Up to 4,500
33
Up to 4,500
35
 
Higher rates
5,000 - 6,000
40
4,500 - 5,000
38
4,500 - 5,000
40
 
6,000 - 7,000
45
5,000 - 6,000
43
5,000 - 6,000
45
 
7,000 - 8,000
50
6,000 - 7,000
48
6,000 - 7,000
50
 
8,000 - 10,000
55
7,000 - 8,000
53
7,000 - 8,000
55
 
10,000 - 12,000
60
8,000 - 10,000
58
8,000 - 10,000
60
 
12,000 - 15,000
65
10,000 - 12,000
63
10,000 - 12,000
65
 
15,000 - 20,000
70
12,000 - 15,000
68
12,000 - 15,000
70
 
Over 20,000
75
15,000 - 20,000
73
15,000 - 20,000
75
 
Over 20,000
83
Over 20,000
83
1976-77
1977-78
1978-79
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Reduced rate
Up to 750
25
 
Basic rate
Up to 5,000
35
Up to 6,000
34
750 - 8,000
33
 
Higher rates
5,000 - 5,500
40
6,000 - 7,000
40
8,000 - 9,000
40
 
5,500 - 6,500
45
7,000 - 8,000
45
9,000 - 10,000
45
6,500 - 7,500
50
8,000 - 9,000
50
10,000 - 11,000
50
7,500 - 8,500
55
9,000 - 10,000
55
11,000 - 12,500
55
8,500 - 10,000
60
10,000 - 12,000
60
12,500 - 14,000
60
10,000 - 12,000
65
12,000 - 14,000
65
14,000 - 16,000
65
12,000 - 15,000
70
14,000 - 16,000
70
16,000 - 18,500
70
15,000 - 20,000
75
16,000 - 21,000
75
18,500 - 24,000
75
Over 20,000
83
Over 21,000
83
Over 24,000
83
1979-80
1980-82
1982-83
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Reduced rate
Up to 750
25
 
Basic rate
750 - 10,000
30
Up to 11,250
30
0 - 12,800
30
 
Higher rates
10,000 - 12,000
40
11,250 - 13,250
40
12,800 - 15,100
40
 
12,000 - 15,000
45
13,250 - 16,750
45
15,100 - 19,100
45
 
15,000 - 20,000
50
16,750 - 22,250
50
19,100 - 25,300
50
 
20,000 - 25,000
55
22,250 - 27,750
55
25,300 - 31,500
55
 
Over 25,000
60
Over 27,750
60
Over 31,500
60
1983-84
1984-85
1985-86
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Basic rate
Up to 14,600
30
Up to 15,400
30
Up to 16,200
30
 
Higher rates
14,600 - 17,200
40
15,400-18,200
40
16,200-19,200
40
 
17,200 - 21,800
45
18,200-23,100
45
19,200-24,400
45
 
21,800 - 28,900
50
23,100-30,600
50
24,400-32,300
50
 
28,900 - 36,000
55
30,600-38,100
55
32,300-40,200
55
 
Over 36,000
60
Over 38,100
60
Over 40,200
60
1986-87
1987-88
1988-89
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Bands of
taxable income(1)
£
Rate of
tax
%
Basic rate
Up to 17,200
29
Up to 17,900
27
Up to 19,300
25
Higher rates
17,200-20,200
40
17,900-20,400
40
Over 19,300
40
 
20,200-25,400
45
20,400-25,400
45
25,400-33,300
50
25,400-33,300
50
 
33,300-41,200
55
33,300-41,200
55
Over 41,200
60
Over 41,200
60
1989-90
        
Bands of
taxable income(1)
£
Rate of
tax
%
  
Basic rate
Up to 20,700
25
        
 
       
Higher rate
Over 20,700
40
        

Footnotes

  1. Taxable income is defined as gross income for income tax purposes less any allowances and reliefs available at the taxpayer's marginal rate.              
 
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