Recession Tool Kit- The whole Team needs to learn to “compress time”
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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
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