Income Tax

Rates		2010/11	2009/10
Starting rate band of 10% on savings income up to*		£2,440	£2,440
Basic rate of 20% on income up to		£37,400	£37,400
Higher rate of 40% on income		£37,401- £150,000	£37,401 and over
Additional rate of 50% on income over		£150,000	N/A

Dividends for:	basic rate taxpayers	10%	10%
	higher rate taxpayers	32.5%	32.5%
	additional rate taxpayers	42.5%	N/A

Trusts:	standard rate band generally	£1,000	£1,000
	dividends (rate applicable to trusts)	42.5%	32.5%
	other income (rate applicable to trusts)	50%	40%

Pre-owned assets tax minimum taxable as income		£5,000	£5,000

* Not available if taxable non-savings income exceeds starting rate band

*Not available if taxable non-savings income exceeds starting rate band

Pre-Budget 2009 Video

We will be recording one of our Budget Report 2010 seminars and publishing it on the website.

If you would like us to notify you when this recording is released please register your interest below and let us help you to prepare your company for the coming tax year.

Simply enter your contact details below and we will be in touch as soon as it is ready to watch.

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A recording of our Pre-Budget 2009 seminar is already available to view.

Click here to watch our Pre-Budget 2009 Seminar.

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