UK PERSONAL TAX RATES AND BANDS  2015-16  2016-17
 Basic rate income tax (20%)  £0-£31,785 (after allowances)  £0-£32,000 (after allowances)
 Higher rate income tax (40%)  Over £31,785  Over £32,000
 Additional rate income tax (45%)  Over £150,000  Over £150,000
 Personal allowance (tax-free)  £10,600 (unless income above £100,000)  £11,000 (unless income above £100,000)
 Income limit above which you start to lose personal allowance (at rate of £1 for each £2 you earn above limit)  £100,000  £100,000
 Age-related personal allowance (born before 6 April 1948 )  N/A  N/A
 Age-related personal allowance (born before 6 April 1938)  £10,660  N/A
 Lower earnings limit (above which you start to lose age-related allowance)  £27,700  N/A
 Upper earnings limit (above which you receive no age-related allowance, just basic personal allowance)  £27,820  N/A
 77+ Upper earnings limit (above which you receive no age-related allowance, just basic personal allowance)  £27,820  N/A
 Married couple’s allowance (MCA) -born after 6 April 1935  N/A  N/A
 Married couple’s allowance (MCA) -born before 6 April 1935 only  £8,355  £8,355
 Blind person’s allowance  £2,290  £2,290
 Capital gains tax (CGT) threshold  £11,100  £11,100
 Inheritance tax threshold (IHT)  £325,000  £325,000

UK CORPORATION TAX RATES

2016/17 2015/16 2014/15
Rate Profits (£)
Small 0 – 300,000 20% 20% 20%
Marginal 300,001 – 1,500,000 20% 20% 21.25%
Main 1,500,001 and above 20% 20% 20%
Fraction n/a n/a 1/400th

ROI PERSONAL TAX RATES AND BANDS

2012/2013/2014 2012/2013/2014 2015/2016 2015/2016
Rate 20% 41% 20% 41%
Single Person €32,800 Balance €33,800 Balance
Married Couple/Civil Partners

(One Income)

€41,800 Balance €42,800 Balance
Married Couple/Civil Partners

(Two Incomes)

Up to €65,600

(increase limited to the amount of the second income)

Balance Up to €67,600
(increase limited to the amount of the second income)
Balance
One Parent Family €36,800 Balance €37,800 Balance

ROI CORPORATION TAX

Standard Rate on Trading Income     12.5%

Investment/Rental Income                   25%

Manufacturing Rate                              10% (only for established qualifying companies; ceased Dec 31 2011

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