Income Tax
| Rates |
| 06-07 |
05-06 |
| £2,150 |
£2,090 |
| £31,150 |
£30,310 |
| £33,300 |
£32,400 |
| |
|
10%
32.5%
|
10%
32.5%
|
| |
|
£1,000
32.5%
40% |
£500
32.5%
40% |
| |
|
|
| 10% on first |
| 22% (20% for savings income) on
next |
| 40% on income over |
| |
|
| Dividends for: |
basic rate taxpayers
higher rate
taxpayers |
| |
|
| Trusts: |
standard rate band generally
dividends (rate
applicable to trusts)
other income (rate applicable to trusts) |
| |
| Pre-owned assets tax (£5,000
minimum taxable) |
As income |
|
|
