(ITA 2007, s. 6–15)

(In-depth: ¶148-060ff.)

2007–08

Taxable income band

Tax rate

Tax on band

£

%

£

 Starting rate

0– 2,230 

10

  223.00

 Basic rate

2,231–34,600 

22

7,121.40

 Higher rate

Over 34,600 

40

 Rate on non-dividend savings income

10% up to starting rate limit(1)

20% up to basic rate limit

40% thereafter

 Dividend ordinary rate

10% up to basic rate limit

(effective rate with tax credit)

(0%)

 Dividend upper rate

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.