Income Tax: 2007/08 (2006/07)
. .
. 
.National Insurance. Corporation Tax. ASC Wylie
<-----------------------------2007/08
---------------------------->
<----------------------------2006/07--------------------------->
|
Tax Rates |
Limits |
Tax Rate |
Limits |
Tax Rate |
|
Starting Rate |
< £ 2,230 |
10% |
< £ 2,150 |
10% |
|
Basic Rate |
< £ 34,600 |
22% |
< £ 33,300 |
22% |
|
Higher Rate |
> £ 34,600 |
40% |
> £ 33,300 |
40% |
(07/08) Dividend Rate -. 10% Basic Rate:.32.5% Higher Rate Savings Rate - 20% Basic Rate: 40% Higher Rate
(06/07) Dividend Rate -. 10% Basic Rate:.32.5% Higher Rate Savings Rate - 20% Basic Rate: 40% Higher Rate
<-----------------------------2007/08
---------------------------->
<----------------------------2006/07--------------------------->
|
Allowances |
Personal |
Married |
Personal |
Married |
|
Basic Allowance |
£5,225 |
£ - |
£ 5,035 |
£ - |
|
Age 65-74 |
£7,550 |
£6,285 |
£ 7,280 |
£ 6,065 |
|
Age 75 and over |
£7,690 |
£6,365 |
£ 7,420 |
£ 6,135 |