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2010/11 Tax Rates
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Rates
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2008-09
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2009-10
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2010-11
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£
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£
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£
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Starting rate (10%)
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* See below
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* See below
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* See below
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Basic rate (20%)
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0 - 34,800
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0 - 37,400
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0 - 37,400
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Higher rate (40%)
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Over 34,800
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Over 37,400
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37,401 - 150,000
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Additional rate (50%)
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N/A
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N/A
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Over 150,000
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| * The general 10% starting rate of tax was abolished for 2008/09 onwards but was replaced by a new 10% starting rate for savings income. If non-savings income is above £2,440 (for 2009/10 & 2010/11) then the 10% starting rate for savings will not apply. |
| The rates available for dividends for the 2008/09 and 2009/10 tax years are the 10% dividend ordinary rate and the 32.5% dividend upper rate. For the 2010/11 tax year, as well as these rates there is a new dividend additional rate of 42.5%. |
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All articles on this website are the author's interpretation of the law, and no
liability whatsoever can be accepted for the use of this information. For individual
advice relating to the viewer's circumstances, professional legal or accountancy
advice should always be sought.
John Savage Accountancy, 16 Walsingham Place, Truro, Cornwall TR1 2RP Tel: 01872 271947
The firm is supervised under the Money Laundering Regulations 2007 by the Institute
of Financial Accountants.
Professional Indemnity Insurance is underwritten by Hiscox Insurance Company Ltd,
Hiscox House, Sheepen Place, Colchester, Essex CO3 3XL.
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