Tax data 2002/3
Main rates and allowances

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Income tax

Up to £1,920 - 10%
£1,921 to £29,900 - 22%
Excess over £29,900 - 40%

Allowance for single person
£4,615

Corporation tax

Up to £10,000 - Nil
£10,001 to £50,000 - 23.75%
£50,001 to £300,000 - 19%
£300,001 to £1,500,000 - 32.75%
Over £1,500,000 - 30%

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National insurance

Class 1
    Employee
        below £89/week - Nil
        £89 to £585/week - 10%
    Employer
        £89.01/week and
          over - 11.8%
Class 2  per week - £2.00
Class 3  per week - £6.85
Class 4  on annual
profits from £4,615
to £30,420 - 7%

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Capital gains tax

Annual exemption £7,700
Retirement relief :
100% up to £50,000
50% of balance of gain up to
£200,000
Business asset taper relief:
After one year 50%
After two years 75%

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Stamp duty

Conveyance or transfer on sale excluding lease premiums and goodwill

Up to £60,000 - Nil
£60,000 to £250,000 - 1%
£250,001 to £500,000 - 3% 
£500,000 or more - 4%

Inheritance tax

Up to £250,000 - Nil
Excess over £250,000
  On chargeable
    lifetime transfers - 20%
  On death - 40%

Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales