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| *Ostroff, Fair and Company>>>United Kingdom Taxes |
What are tax rates for indviduals income? |
What are tax rates for indviduals income? Hi, I noticed on your 360 etc. the mention of UK. This helps because I guess your question relates to UK tax rates which are adjusted in the Budget each Financial year 6 April until 5 April the following year. The rates for the current tax year are as follows:- Rates and Allowances - Income Tax Income Tax Allowances Income tax allowances 2006-07 (拢) Personal allowance 5 035 Personal allowance for people aged 65-74 7 280 Personal allowance for people aged 75 and over 7 420 Income limit for age-related allowances 20 100 Married couple's allowance for people born before 6 April 1935 6 065 Married couple's allowance - aged 75 or more 6 135 Minimum amount of married couple's allowance 2 350 Blind person's allowance 1 660 The rate of relief for the continuing married couple's allowance and maintenance relief for people born before 6 April 1935, and for the children's tax credit, is 10%. Taxable Bands Taxable Bands Allowances 2006-07 (拢) Starting rate 10% 0 - 2,150 Basic rate 22% 2,151 - 33,300 Higher rate 40% over 33,300 For more details or explainations follow the link below. http://www.hmrc.gov.uk/rates/it.htm... do you mean for income through an employer? 1 if not declared then zero 2 if declared then zero to 40% 3 its even more if national insurance is considered to be a tax My dear Welcome The tax rates for indviduals income are free |
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