Income Tax rates and bands
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2010/11
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2009/10
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Starting rate on band * (see note)
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2,440
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2,440
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Basic rate band
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37,400
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37,00
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Higher rate on taxable income over
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37,401-150,000
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over 34,800
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Additional rate
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over 150,000
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* Starting rate band is within basic rate band and applies to savings income only; if taxable general income exceeds the band, the 10% rate is not available.
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Tax rates
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2009/10
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Rates differ for General/Interest/Dividends
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G
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I
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D
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Starting rate
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N/A
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10%
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10%
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Basic rate
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20%
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20%
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10%
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Higher rate
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40%
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40%
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32.5%
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2010/11
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|||
Rates differ for General/Interest/Dividends
|
G
|
I
|
D
|
Starting rate
|
N/A
|
10%
|
10%
|
Basic rate
|
20%
|
20%
|
10%
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Higher rate
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40%
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40%
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32.5%
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Additional rate
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50%
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50%
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42.5%
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General income (salary, pension, profit, rent) uses lower rate bands first, then savings (interest), then dividends. Discretionary trusts: basic rate as above applies to the first £1,000 of income, then higher rate.
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