| Rates |
07-08 |
06-07 |
| 10% on first |
£2,230 |
£2,150 |
| 22% (20% for savings income) on next |
£32,370 |
£31,150 |
| 40% on income over |
£34,600 |
£33,300 |
| |
|
|
| Dividends for: |
basic rate taxpayers
higher rate taxpayers |
10%
32.5% |
10%
32.5% |
| |
|
|
|
| Trusts: |
standard rate band generally
dividends (rate applicable to trusts)
other income (rate applicable to trusts) |
£1,000
32.5%
40% |
£1,000
32.5%
40% |
| |
| Pre-owned assets tax (£5,000 minimum taxable) |
As income |
Practical advice for business
