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Income Tax
| Rates | 2011/12 | 2010/11 | ||
| Starting rate band of 10% on savings income up to* | £2,560 | £2,440 | ||
| Basic rate of 20% on income up to |
£35,000 | £37,400 | ||
| Higher rate of 40% on income |
£35,001- £150,000 |
£37,401- £150,000 |
||
| Additional rate of 50% on income over | £150,000 | £150,000 | ||
| Dividends for: | basic rate taxpayers | 10% | 10% | |
| higher rate taxpayers | 32.5% | 32.5% | ||
| additional rate taxpayers | 42.5% | 42.5% | ||
| Trusts: | standard rate band generally | £1,000 | £1,000 | |
| dividends (rate applicable to trusts) | 42.5% | 42.5% | ||
| other income (rate applicable to trusts) | 50% | 50% | ||
| Pre-owned assets tax minimum taxable as income | £5,000 | £5,000 | ||
| * Not available if taxable non-savings income exceeds starting rate band | ||||
Budget Summary
- Capital taxes
- Charities
- Miscellaneous
- National insurance contributions
- Personal and trust taxation
- Value added tax (VAT)
Tax Tables
- Basic State Pension
- Capital Gains Tax
- Car Benefit For Employees
- Company Cars
- Corporation Tax
- Fuel Benefit
- Income Tax
- Individual Savings Accounts (ISAs)
- Inheritance Tax
- Main Capital and Other Allowances
- Main Due Dates for Tax Payment
- Main Personal Allowances and Reliefs
- National Insurance Contributions
- Registered Pensions
- Stamp Duties
- Tax-Free Mileage Allowance
- Value Added Tax
