Archive Article: 1998/03/20

20 March 1998

Income tax rates

Income tax rates remain unchanged. Allowances and thresholds will rise in line with inflation for the tax year 1998/99.

Tax relief for married couples allowance and linked allowances will be restricted to 10% from Apr 1999.

Tax rates 1997/98 taxable income (£) 1998/99

Lower (20%) 1-4100 1-4300

Basic (23%) 4101-26,100 4301-27,100

Higher (40%) over 26,000 over 27,100

Allowances 1997/98 1998/99

Personal 4045 4195

Married couples 1830 1900