Companion Website

Peter Barrie: Personal Injury Law 2/e: Liability, Compensation, and Procedure

General Information

Welcome to the General Information Page

You will find below regularly updated information on the retail prices index, the bank base rate , and changes to income tax rates. These figures will be updated throughout the year to keep you up-to-date with all the latest developments.

RPI figures

2004

July	186.8
August	187.4
September	188.1
October	188.6
November	189.0
December	189.9

2005

January	188.9
February	189.6
March	190.5
April	191.6
May	192.0
June	192.2
July	192.2
August	192.6
September	193.1
October	193.3
November	193.6
December	194.1

2006

January	193.4
February	194.2
March	195.0
April	196.5
May	197.7
June	198.5
July	198.5
August	199.2
September	200.1
October	200.4
November	201.1
December	202.7

2007

January	201.6
February	203.1
March	204.4
April	205.4

Base rate for Part 36 interest

From 6 May 2004	4.25%
From 10 Jun 2004	4.50%
From 5 Aug 2004	4.75%
From 4 Aug 2005	4.50%
From 3 Aug 2006	4.75%
From 9 Nov 2006	5%
From 11 Jan 2007	5.25%
From 10 May 2007	5.5%

Income tax rates for 2007/2008

Lower rate 10% on the first £2,230 of taxed income, tax paid on the full band is £223.
Basic rate 22% on the next £32,370 (up to £34,600 of taxed income), tax paid on the full band is £7,121.40.
Higher rate of 40% on remainder of taxable income.
Personal allowance £5,225.

For reference:

Income tax rates for 2006/07 following the budget

Lower rate of 10% on the first £2,150: tax paid on this full band is £215.
Basic rate of 22% on the next £31,150: tax paid on this full band is £6,853.
40% on the remainder of taxable income.

Personal allowance £5,035

Income tax rates for 2005/06 following the budget

Income up to £2,090 taxed at 10% Tax on this full band £209
Income £2,091 to £32,400 taxed at 22% Tax on this full band £6,668
Over £32,400 at 40%

Personal allowance £4,895