Tax Rates for Companies

Income tax rates	00/01	01/02	02/03	03/04	04/05	05/06	06/07
Lower rate for Resident trading Companies	14%	12%	10%	10%	10%	10%	n/a
Standard rate for Resident trading Companies	20%	18%	15%	15%	15%	15%	n/a
Higher rate Resident Companies on all other income	20%	18%	18%	18%	18%	18%	n/a
Lower rate for Non Resident Companies trading income	20%	18%	18%	18%	10%	10%	n/a
Higher rate for Non Resident Companies on all other income.	20%	18%	18%	18%	18%	18%	n/a
Standard rate for all resident and non-resident companies	-	-	-	-	-	-	0%
Banking Business income	-	-	-	-	-	-	10%
Land and Property income from Manx sources	-	-	-	-	-	-	10%

PERSONAL ALLOWANCES 2006/2007

	99/00	00/01	01/02	02/03	03/04	04/05	05/06	06/07
Standard rate	15%	14%	12%	10%	10%	10%	10%	10%
Single person lower rate band	9900	10000	10000	10000	10000	10000	10300	10500
Married couple lower rate band	19800	20000	20000	20000	20000	20000	20600	21000
Higher rate	20%	20%	18%	18%	18%	18%	18%	18%
Non-resident rate	20%	20%	18%	18%	18%	18%	18%	18%
Single allowance	7350	7530	7700	8000	8000	8225	8500	8670